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IA dept/ internal auditors

JJohn8y ago
Hi Can IA department /internal auditors assist management in preparation of financial statement and implementation of controls?
kengarrettkengarrettTutor8y ago#1
IA are company employees and must do anything mamagement tells them to. Designing and implementing controls are normal parts of their jobs. Preparing FS less usual, but they often get involved in year-end stock takes. Further involvement would compromise their independence, but if told to do so they might do so.
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