Over the past few weeks Thabo Ndlovureceived various requests from the external auditors requesting final internal audit reports for certain departments. Most of the internal audit reports are not finalised yet. Thabo Ndlovu decided to ignore the requests from the external auditors and indicated that he will communicate with them when all the internal audit reports have been finalised.

REQUIRED

Marks

$5\mathrm{.}1$ Briefly describe seven $(7)$ advantages and three $(3)$ disadvantages of good cooperation between the internal audit function and the external audit firm.