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Bpp kit Audit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Bpp kit Audit

  • This topic has 1 reply, 2 voices, and was last updated 11 months ago by Ken Garrett.
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  • April 14, 2022 at 2:09 pm #653303
    maximus07
    Participant
    • Topics: 428
    • Replies: 422
    • ☆☆☆☆

    14.6 (b) Fourth Bullet (Select Internal auditor or External Auditor)

    It says “report is to those charged with governance” and answer is Internal auditor.
    I am unable to understand what it means? I would be great if you can help.

    April 14, 2022 at 3:35 pm #653311
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10221
    • ☆☆☆☆☆

    Governance = how a company is directed and controlled. On a day-to-day basis that is carried out by the board of directors and internal auditors report to them.

    External auditors report to the members (shareholders) of the company.

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