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Advantages and disadvantages of internal auditors reporting to audit committee

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This is an independent board therefore organizational independence is achiewed

Enforces internal Audit recommendation

Disadvantages

Time factor – lack quality time to support the internal audit activity on day to day basis as an Independent reporting facility. Audit Committee meets on average four times a year

Their functions are parallel – the audit committee is apart from the main stream … Read the rest

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Advantages and disadvantages of internal auditors reporting to audit committee

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