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Unformatted text preview: Al-Ain University of Science and TechnologyBusiness Administration CollegeAccounting and Finance & Banking DepartmentOperational Auditing (0502401)Assignment 2Case studyLajod company has an internal audit department consisting of a manager and three staff auditors. The manger of internal audit, in turn, reports to the corporate controller. Copies of audit reports are routinely sent to the audit committee of the board of directors as well as the corporate controller and the individual responsible for the area or activity being audited. The manager of internal audits is aware that the external auditors have been relied on the internal audit function to a substantial degree in the past. However, in recent months, the external auditors have suggested there may be problem related to the objectivity of the internal audit function. This objectivity problem may result in more extensive testing and analysis by external auditors....
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This note was uploaded on 12/05/2011 for the course ACCOUNTION ACCT 401 taught by Professor Ahmed during the Fall '11 term at Abu Dhabi University.
- Fall '11