A Key to Effective Benchmarking in a Consulting Engagement Is

question 371

Multiple Choice

A key to effective benchmarking in a consulting engagement is identifying the issues that can be:

• A) Reviewed by all internal audit staff members.
• B) Shared with all internal audit customers.
• C) Measured and controlled by the engagement client.
• D) Discussed with the board or audit committee.

---

Definitions:

Management-by-objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed upon by both management and employees.

Uncertainty

The state of being unsure about the outcome of events, conditions, or the reliability of information.

Variability

The extent to which something is subject to change or difference.

Evaluation Interviews

Formal meetings between an employee and a supervisor or manager to discuss job performance, goals, and professional development.