CHAPTER 15

The Consulting
Engagement

Internal Auditing: Assurance and Consulting Services, 2nd Edition © 2009 by The Institute of Internal Auditors Research Foundation,
247 Maitland Avenue, Altamonte Springs, FL 32701 USA 1
 Chapter 15 Learning Objectives

 Articulate the difference between assurance and consulting

engagements.
 Discuss the various types of consulting services provided by internal
auditors.
 Understand how internal audit functions select which requested
consulting engagements to perform.
 Understand the process for conducting an advisory consulting
engagement.
 Describe the benefits to an organization when the internal audit
function provides consulting services.
 Understand the importance of determining customer expectations for
consulting activities.
 Discuss the Standards as they pertain to consulting engagements.
 Understand the need for the internal audit function to set boundaries
for consulting activities.

Copyright: Internal Auditing: Assurance and Consulting Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue,
Altamonte Springs, Florida 32701-4201 U.S.A.
2
 Exhibit 15-1

Copyright: Internal Auditing: Assurance and Consulting Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue,
Altamonte Springs, Florida 32701-4201 U.S.A.
3
 Exhibit 15-2

Copyright: Internal Auditing: Assurance and Consulting Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue,
Altamonte Springs, Florida 32701-4201 U.S.A.
4
 Exhibit 15-3

Copyright: Internal Auditing: Assurance and Consulting Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue,
Altamonte Springs, Florida 32701-4201 U.S.A.
5
 Exhibit 15-4

Copyright: Internal Auditing: Assurance and Consulting Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue,
Altamonte Springs, Florida 32701-4201 U.S.A.
6
 Exhibit 15-5

Copyright: Internal Auditing: Assurance and Consulting Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue,
Altamonte Springs, Florida 32701-4201 U.S.A.
7
 Add slides as desired

Copyright: Internal Auditing: Assurance and Consulting Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue,
Altamonte Springs, Florida 32701-4201 U.S.A.
8