Economics · Auditing and Assurance
Which TWO of the following are potential DISADVANTAGES of outsourcing internal audit to an external audit firm? 1. A greater range of experience would be brought to the internal audit team. 2. It could create a self-review threat during the external audit. 3. It could create a conflict of interest with financial forecast reviews. 4. The internal audit function would have less understanding of the company's business.
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