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How the procedures will use to audit expenditure department

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Reference no: EM132718744

You are an internal auditor in a manufacturing company. You are asked to audit the expenditure department where there are various things that are believed to be cooperation between the employee and suppliers, poor market analysis, and the misappropriation of asset that happened (30 units have been stolen).

Problem 1: Explain how the procedures you will use to audit expenditure department?

Problem 2: How do you prevent the risk of fraud through 3 types of controls that you can choose?

Problem 3: Describe an example of one of the audit findings you can provide (OFI, Observation, Majority and Minority).

Reference no: EM132718744

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