Reference no: EM132366578

Question

1. You have been appointed by the government to establish a law to prevent and detect corporate fraudulent actions regardless of their financial impact. Propose, list, and discuss the most important NEW three measures to achieve prevention and the most important NEW three measures to achieve detection.

2. Communication with the auditee is an important and integral part of internal audit process. List and discuss at least five points that the internal auditor must consider when communicating with the auditee.

3. In today's electronic environment, most of the manual/traditional methods and concepts of internal audit have changed. For example most of the evidences are now in electronic format. List and discuss three of the most important advantages and disadvantages of the electronic era as they relate to audit evidences and internal audit functions.