Question No:1ABC company is a subsidiary of an MNC which has its business operations across Oman. Thecompany has 15 branches in various part of the country. The internal audit department of the companyconsist of 15 audit executives with a chief internal auditor. The chief intermal auditor and his staff areappointed by Chief Executive officer with reporting responsibility to finance director. The scope of thework and other matters relating to internal audit department is decided by the finance director.Required;Do you find any internal control issues in the company? Do you think that the intermal audit departmentstaff can perform their functions independently? Discuss?(Note: Explain with not less than 150 words)

Inspection refers to the ability to check, research, or examine the situation carefully.

Answered: Do you find any internal control issues…

Do you find any internal control issues in the company? Do you think that the intemal audit department staff can perform their functions independently? Discuss?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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