Internal audits
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Assume that you have recently been appointed the 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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Solution Summary
This solution provides an explanation of how a company can justify the expense of establishing an internal audit function in their company.
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If I were recently appointed CFO of a midsized company, I would explain the benefits of establishing an internal audit of my company as follows:
1. An internal audit will allow for the company to maintain more accurate records.
2. An internal audit will ...
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