ASSIGNMENT 4 Q1. There are similarities and differences between the responsibilities of internal and external auditors. Both internal and external auditors have responsibilities relating to the prevention, detection and reporting of fraud, for example, but their responsibilities are not the same. Required: Explain the difference between the responsibilities of internal auditors and external auditors for the prevention, detection and reporting of fraud and error. Q2. Explain the purpose of value for money audit. Q3. Outline three (3) roles of the internal audit department in an organization. 2.4 FINANCIAL MANAGEMENT
ASSIGNMENT 4 Q1. There are similarities and differences between the responsibilities of internal and external auditors. Both internal and external auditors have responsibilities relating to the prevention, detection and reporting of fraud, for example, but their responsibilities are not the same. Required: Explain the difference between the responsibilities of internal auditors and external auditors for the prevention, detection and reporting of fraud and error. Q2. Explain the purpose of value for money audit. Q3. Outline three (3) roles of the internal audit department in an organization. 2.4 FINANCIAL MANAGEMENT
Assignment-Set-4.docx