Question 4b
Marking Guide
work of internal audit | |
| 1/2 mark for identification of each factor and up to 1 mark for full explanation, but maximum 6. | |
| independence – to whom report; links to audit committee | |
| competence – qualifications and experience | |
| effective communication – between internal and external auditors | |
| professional care – properly planned and performed | |
| management pressure to present favourable cash flow forecast | |
| maximum marks | 6 |