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Explain five major purposes of the internal auditor

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Reference no: EM132817538

The Chimwaikila group of companies which runs farms, educational institutions, fish farming and supplies food to two mission hospitals has opted to employ a full time internal auditor. This has not settled well with some of the shareholders of the group of companies. Further some employees feel its unnecessary additional cost.

Required

Problem a. Explain five major purposes of the internal auditor

Problem b. Elaborate five ways the internal auditor will keep his independence since he will be auditing the firm he is employed.

Reference no: EM132817538

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