Chapter 1, Problem 11P

a.

i.

To determine

Describe the role of management in the establishment, maintenance, and evaluation of internal control.

ii.

To determine

Describe the role of external auditor in the establishment, maintenance, and evaluation of internal control.

iii.

To determine

Describe the role of internal audit in the establishment, maintenance, and evaluation of internal control.

b.

To determine

Determine the authority to whom, the Director of internal audits should report.

c.

To determine

Provide opinion on the contention of the audit committee members as to the committee’s current composition.