What are the benefits of the internal audit function

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Question -

1. What are the benefits of the internal audit function establishing a risk-based plan when identifying the priorities of the internal audit activity?

2. Describe an event that has transformed or disrupted an industry and includes: (1) An example of an organization that has benefitted from that opportunity and (2) an example of another organization that mismanaged it and suffered losses as a result.

3. How can failure in ethics affect organizational success? Is it something that can be audited?

4. Describe ways to monetize the concept of ecology, so we don't only rely on altruistic and emotional motivators, but also economic ones to encourage environmental stewardship.

5. Why is it necessary for internal auditors to have a basic knowledge of various business processes?

Reference no: EM132971075

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