An Internal Auditor Has Been Asked to Participate in an Advisory

Multiple Choice

An internal auditor has been asked to participate in an advisory capacity to assist a committee in redesigning the organization's current financial reports to provide better information to management and the board. Which of the following actions on the part of the auditor would provide the greatest value to this project?

A) The internal auditor has a set of generic report templates from a former project and presents them to the group because they worked so well for the previous employer.
B) The internal auditor interviews each stakeholder and documents the requirements and preferences of each and creates a report template that meets as many of the requirements and preferences as possible.
C) The internal auditor gathers the stakeholder group and holds a brainstorming session where they generate report requirements and preferences and then rank them in order of importance.
D) The internal auditor undertakes a project to gather report templates and formats from other organizations in the same line of business and presents them all to the group for review.