Question: Please answer following questions: a.What is an internal audit? b.How does it mitigate the risk of management frauds? c.Are there particular statutory requirements that should

Please answer following questions:

a.What is an internal audit?

b.How does it mitigate the risk of management frauds?

c.Are there particular statutory requirements that should be followed?

d.What does due diligence mean in terms of finances and financial reporting?

e.What reports might be prepared for the ATO?

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