QUESTION THREE Linglo Ltd was recently incoporated. It will be operating in the retail sector. The...

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QUESTION THREE Linglo Ltd was recently incoporated. It will be operating in the retail sector. The directors of the company are considering outsourcing the internal audit functon in the interim period instead of recruiting their own staff Required a) Analyse three advantages of outsourcing the internal audit function (6 marks) b) In the context of auditing in public sector, evaluate the three E's of value for money auditing as used in public sector accounting (9 marks) (TOTAL = 15 Marks) QUESTION THREE Linglo Ltd was recently incoporated. It will be operating in the retail sector. The directors of the company are considering outsourcing the internal audit functon in the interim period instead of recruiting their own staff Required a) Analyse three advantages of outsourcing the internal audit function (6 marks) b) In the context of auditing in public sector, evaluate the three E's of value for money auditing as used in public sector accounting (9 marks) (TOTAL = 15 Marks)

Answer rating: 100% (QA)

i Compliance The primary benefit of outsourcing internal audit is indepth investigation of operations and compliance with established standards It pro... View the full answer