You have been appointed to establish an internal audit function in a large national organization with 15,000

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You have been appointed to establish an internal audit function in a large national organization with 15,000 employees in various locations. The company is engaged in manufacturing and marketing commercial products. Its customers are mainly in the wholesale, manufacturing, and warehousing business. Describe five important initial steps you would take preparatory to setting up an overall audit schedule. Give a reason for each.

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