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In: Accounting

You are the external auditor of Suleman and Stock Ltd. The CEO, Ahsan Suleman, has contacted...

You are the external auditor of Suleman and Stock Ltd. The CEO, Ahsan Suleman, has contacted you because the company is considering setting up an internal audit department for the first time and he is looking for some guidance as to what is required for an effective internal audit department.

Required:

Explain the key considerations Ahsan Suleman should consider when setting up an internal audit department.

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Expert Solution

ANSWER :

ekkarill92 answered 1 year ago
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