Activity 4

• Reporting on financial performance
• Scenario:
• Your organisation, which has a number of different cost centres, is conducting an internal audit. You have been asked to act as a project manager to assist with data collection, provide data, ensure that any other assistance is provided and collaborate with regard to writing the audit report.
• During the year the organisation transacted a number of mergers and acquisitions. You have been asked to pay special attention to the acquisitions and to check the due diligence processes. You also need to determine whether any changes or adjustments need to be made to the current budgets.
• Explain what all this means and how you would manage the audit process.