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CIMA Strategic P3 Question # 44 Topic 5 Discussion

P3 Exam Topic 5 Question 44 Discussion:
Question #: 44
Topic #: 5

D plc is a public relations company. Shares in D plc have recently been listed on the UK stock exchange.

D plc has an internal audit department that reports to the Chief Executive Officer (CEO). The CEO is considering outsourcing internal audit to an audit firm, which would not be the firm that conducts D plc's external audit.

Identify THREE advantages to D plc of outsourcing internal audit in this way.
A.

Doing so may improve independence.

B.

Decisions relating to internal audit can be based solely on cost.

C.

Internal audit will have a better understanding of D plc's objectives and culture.

D.

Specialist skills may be more readily available.

E.

Risk of staff turnover is passed to the outsource company.

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Actual exam question for CIMA P3 exam by Ember6261 at May 3, 2026, 8:36:01 AM

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