A chief audit executive (CAE) is selecting an internal audit team to perform an audit engagement that requires a high level of knowledge in the areas of finance,investment portfolio management,and taxation. If neither the CAE nor the existing internal audit staff possess the required knowledge,which of the following actions should the CAE take?

An internal audit activity (IAA) provided assurance services for an activity it was responsible for during the preceding year.
As a result,which IIA Code of Ethics principle is presumed to be impaired?

Feedback on engagements from audit clients, annual benchmarking of the internal audit activity's (IAA's) performance against best practice, and analyses of project budgets and audit plan completion are all tools that can best be used by the IAA for which purpose?

An internal quality assessment of the internal audit activity should provide the chief audit executive with:

Which of the following is a benefit from reduced testing during a particular phase of an
audit engagement?