Accounting · Audit and Assurance

You are separately considering Robb Co's request to provide internal audit services and the remit of these services if they are accepted. Which of the following would result in Ira & Co assuming a management responsibility in relation to the internal audit services? (1) Taking responsibility for designing and maintaining internal control systems (2) Determining which recommendations should take priority and be implemented (3) Determining the reliance which can be placed on the work of internal audit for the external audit (4) Setting the scope of the internal audit work to be carried out