. In a small internal audit function, some outsourcing can provide the audit committee with adequate assurance, particularly in key risk areas requiring a high level of expertise.
. Flexibility in staffing resources.
. The organisation may gain from co-sourcing by having access to specialist expertise, innovations in the latest audit techniques, technology and the opportunity for bench-marking.
. The perception that the independence of the internal auditor from management would be strengthened.
. It may provide greater value for money to outsource internal audit.
. Some degree of outsourcing may revitalize a long - established internal audit function.