Which of the following would limit the independence of the Internal Audit function? The Internal Audit function reports to the Audit Committee. The remuneration package of the Internal Audit function includes a bonus based on profit for the year. The Internal Audit function has too many staff for the work available. Several of the Internal Audit function staff are qualified accountants but several others are not.
Which of the following would limit the independence of the Internal Audit function? The Internal Audit function reports to the Audit Committee. The remuneration package of the Internal Audit function includes a bonus based on profit for the year. The Internal Audit function has too many staff for the work available. Several of the Internal Audit function staff are qualified accountants but several others are not.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Which of the following would limit the independence of the Internal Audit function?
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