Emphasis in recent years has been placed on control testing to ensure controls are working effectively and efficiently, but emerging thought leadership indicates that the internal audit value proposition can best be accomplished through internal audit consulting services. The term "Trusted Advisor" is being used more frequently to describe internal auditors as they strive to add additional value as they gain management's confidence through the impactful consulting services they provide. Utilize the Knowledge Leader website and perform the following:
A. Authenticate to the KnowledgeLeader website using your username and password.
B. Perform research and define what it means to be a "Trusted Advisor." What are the best or better practices and/or characteristics that could lead to an internal auditor becoming identified (labeled) as a Trusted Advisor in the eyes of the board audit committee or management they support.
C. Submit a brief write-up indicating the results of your research to your instructor.