It is typical for medium to large size companies to maintain an internal audit function. Many external audit firms pay close attention to the competency and professionalism of this function. Which of the statements below best describes why an internal auditor may wish to consider studying for a professional designation in his or her field? Because if the internal auditor is able to obtain advanced licensures and professional designations, he or she will be able to earn more money. If the auditor is able to obtain advanced credentials and professional licensures in his or her field, the auditor is much more likely to be offered a partner-track position at a prestigious firm. All of these answer choices are correct. Because being a member of a professional body that holds its members to certain ethical standards and codes of conduct enhances the reputation and perceived professionalism of that individual