1. Explain why follow-up is important in Internal Audit Process.

2. The company has a policy in their procurement of supplies that it must have a canvass. The canvass must come from three(3) suppliers, and the one with the lowest price shall be chosen to which supplies will be purchased. During your audit it was observed that during the year 2021 there were 5 counts of purchases that did not follow this procedure. Supposed you are writing to communicate to the management said observation, determine the following elements (Cause, Condition, Criteria, Effect, Recommendation).