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Assume that you have recently been appointed CFO of a mid sized company which did not have an internal audit function - how would you justify the incremental expenses of establishing an internal audit function in your company?

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Assume that you have recently been appointed CFO of a mid sized company which did not have an internal audit function - how would you justify the incremental expenses of establishing an internal audit function in your company?
The incremental expenses of setting up an internal audit function in the company are justified in several ways. The internal audit function ensures that proper accounting system is introduced in the company. The internal ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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