AUI3704 ASSIGNMENT 3
2021
QUESTION 1
General: Josh Kronveld should inform all those seeking his department's services
that he reports to the audit committee and any assignments undertaken will be
discussed with it.
1. This request should be politely refused. Internal audit is essentially an
independent monitoring and assurance function, reporting to the audit committee; it
should neither perform any operational duties, nor supervise or direct staff not
employed by internal audit. To fulfil the role of outlet accountant would result in
both of the above. In addition the future relationship between the retail outlet and
the internal audit department would not be independent.
2021
QUESTION 1
General: Josh Kronveld should inform all those seeking his department's services
that he reports to the audit committee and any assignments undertaken will be
discussed with it.
1. This request should be politely refused. Internal audit is essentially an
independent monitoring and assurance function, reporting to the audit committee; it
should neither perform any operational duties, nor supervise or direct staff not
employed by internal audit. To fulfil the role of outlet accountant would result in
both of the above. In addition the future relationship between the retail outlet and
the internal audit department would not be independent.
