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Internal audit

Former userFormer user10y ago

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kengarrettkengarrettTutor10y ago#1
Internal audit is not really concerned with materiality or whether the FS give a true and fair view. They look in detail at whether or not employees are following the specified accounting procedures and whether or not any procedures need to be changed to improve internal control. IA get very excited about any departure from the rules as they can write a report about it and that justifies their existence!
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