How would that affect the work of external auditor

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Problem i. Internal and external auditors may review internal control system. Explain the reasons for their reviews, distinguishing between them.

Problem ii. Suggest the work an internal auditor could carry out to check procedures in a purchase system to minimize the risk of fraud and error.

Problem iii. If the risk of fraud and error is assessed as higher than normal, how would that affect the work of external auditor and an internal auditor.

Reference no: EM132787100

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