Question: Question 3: The internal audit function has been evolving with the increasing size and complexity of business that many large companies have experienced over decades.

Question 3:

  1. The internal audit function has been evolving with the increasing size and complexity of business that many large companies have experienced over decades. What are the functions performed by internal auditors or internal audit committee?
  1. Annual reports provide valuable information to its users. Why annual reports are prepared? What type of information usually discussed in annual reports? (5 marks)

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