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1.Explain the role of Chief Audit Executive 2. Define the terms engagement objectives and engagement scopes. 3. State the negative consequences faced by the internal

1.Explain the role of Chief Audit Executive
2. Define the terms engagement objectives and engagement scopes.
3. State the negative consequences faced by the internal audit department in following circumstances
a. Failing to properly establish engagement objectives
b. If the engagement scope is not properly defined before the engagement starts.
4. Explain the steps of engagement planning in detail.

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