2 "Internal auditors and external auditors both do pretty much the same thing, - why should I want both? Auditing literature emphasises the need for independence but neither internal nor external auditors are wholly independent." Required 1. Discuss the statement above. (8 marks) 2. JJ is about to graduate and is thinking about a career in auditing but is undecided whether she should pursue the route of an internal audit role with a major multinational selling foodstuffs and household products or whether she should pursue the route of an audit role with one of the big 4 accounting firms. Restricting your answer to the likely knowledge and experience JJ will gain set out how you would advise her. (6 marks) 3. Why do you believe internal auditors are rarely criticised when there is an accounting scandal or corporate failure? (5 marks) 4. While it is no longer possible for an external auditor to request internal audit to explicitly carry out work to assist in the external auditor explain how the existence of the internal audit function assists the external auditor to carry out their audit. (6 marks) Total 25 marks