- 1 Marks
Question
The use of external specialist teams or consultants to perform functions which could otherwise be performed in-house is known as …………
Answer
Outsourcing
Explanation: Outsourcing refers to the practice of hiring external specialists or consultants to perform tasks or functions that could be handled internally, often to improve efficiency, expertise, or cost-effectiveness.
- Tags: Audit strategy, External Consultants, In-house Functions, Outsourcing, Specialists
- Level: Level 3
- Topic: Use of Experts in Audits
- Series: NOV 2012
- Uploader: Dotse