With respect to utilizing the work of internal auditors in the audit of the financial statements, which of the following statements is TRUE?

Group of answer choices

If the external auditor utilizes the work of internal auditors, it will not impact the nature, timing and extent of the external auditor's audit testing.

The auditor will evaluate the competence of the internal auditor(s).

The auditor will not use internal auditors in the audit of the financial statements because the internal auditor cannot be objective.

if the internal auditor possesses a CPA license, the external auditor will not supervise or review the internal auditor's work.