Brawn Technology, Inc. is a manufacturer of large wind energy systems. The company has its corporate...

 

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Brawn Technology, Inc. is a manufacturer of large wind energy systems. The company has its corporate headquarters in Buenos Aires and a central manufacturing facility about 200 miles away. Since the manufacturing facility is so remote, it does not receive the attention or the support from the staff that the other units do. The president of Brawn is concerned about whether proper permits have been issued for new construction work being done to handle industrial waste at the facility. In addition, he wants to be sure that all occupational safety laws and environmental issues are being properly addressed. He has asked the company's internal auditor to conduct an audit focusing on these areas of concern. REQUIRED: A. Identify and describe the two fundamental types of internal audits. Using examples, describe two situations where each type of audit would be applicable. Referring to Brawn Technology. 1. identify the type of audit that would best address the concerns of the president. 2. identify the objective of this audit. 3. give two reasons why this type of audit would best address the concerns of the president. B. Brawn Technology, Inc. is a manufacturer of large wind energy systems. The company has its corporate headquarters in Buenos Aires and a central manufacturing facility about 200 miles away. Since the manufacturing facility is so remote, it does not receive the attention or the support from the staff that the other units do. The president of Brawn is concerned about whether proper permits have been issued for new construction work being done to handle industrial waste at the facility. In addition, he wants to be sure that all occupational safety laws and environmental issues are being properly addressed. He has asked the company's internal auditor to conduct an audit focusing on these areas of concern. REQUIRED: A. Identify and describe the two fundamental types of internal audits. Using examples, describe two situations where each type of audit would be applicable. Referring to Brawn Technology. 1. identify the type of audit that would best address the concerns of the president. 2. identify the objective of this audit. 3. give two reasons why this type of audit would best address the concerns of the president. B.

Answer rating: 100% (QA)

A The two fundamental types of internal audits are 1 Financial Audits Financial audits focus on examining financial statements accounting records and ... View the full answer