Question

Which Standards apply to organizations and individuals performing specific types of internal auditing services (assurance or consulting)?

Select one:
a. Attribute Standards.
b. All of the Standards listed in the answer choices.
c. Performance Standards.
d. Implementation Standards.

Answer 1

The correct answer is b. All of the Standards listed in the answer choices, which means Attribute Standards, Performance Standards, and Implementation Standards all apply to organizations and individuals conducting internal auditing services.

Step-by-step explanation:

The standards that apply to organizations and individuals performing specific types of internal auditing services, whether they are assurance or consulting in nature, are the International Professional Practices Framework (IPPF) which includes b. All of the Standards listed in the answer choices. This means that the Attribute Standards, Performance Standards, and Implementation Standards all pertain to these internal audit functions. The Attribute Standards cover attributes of organizations and individuals performing internal audit activities, Performance Standards describe the nature of internal auditing and provide quality criteria against which the performance of these services can be measured, and Implementation Standards apply to specific types of engagements.