3.1 plan an audit with reference to scope, materiality and risk

Jock is thinking of having internal auditors. However, he is not sure if they will help him. He has heard that they can be outsourced from an auditing firm or he can have his own internal auditors.

Explain to jock the following:

Outsourcing internal auditors

Advantages

Disadvantages

1.

2.

3.

Having internal auditors

1.

2.

3.

3.1 plan an audit with reference to scope, materiality and risk w Jock is thinking of having internal auditors. However, he is not sure if they will help him. He has heard that they can be outsourced from an auditing firm or he can have his own internal auditors." a . Explain to jock the following:- Outsourcing internal auditors AdvantagesDisadvantages. 1. 3. Having internal auditors a 1. 3. a 4