Tag (SQ): Professional responsibilities

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AAA – L3 – Q41 – Internal and External Audit

Explain differences between internal and external audit and discuss outsourcing internal audit to external auditors.

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(a) Explain the difference between the internal and external audit functions.
(b) List the advantages and disadvantages of a company outsourcing its internal audit function to its external auditors.

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Tags: Audit functions, External Audit, Internal Audit, Outsourcing, Professional responsibilities
Level: Level 3

Topic: Internal Audit and Outsourcing

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AAA – L3 – Q41 – Internal and External Audit

Explain differences between internal and external audit and discuss outsourcing internal audit to external auditors.

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Tag (SQ): Professional responsibilities

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AAA – L3 – Q41 – Internal and External Audit

Explain differences between internal and external audit and discuss outsourcing internal audit to external auditors.

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