- 3 Marks
Question
Discuss THREE functions of an internal audit department.
Answer
- Review the control system to identify weaknesses and report to management with recommendations.
- Design checks to reveal or prevent fraud.
- Rationalize accounting policies and design/implement new systems within a group.
- Tags: Functions, Internal Audit
- Level: Level 2
- Topic: Internal Audit and External Audit Relationship
- Series: NOV 2016
- Uploader: Theophilus