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a. Do the problems identified in the Sales Department fall under the responsibility of the Managing Director or the Senior Internal Auditor? Explain your reasoning.
a. Do the problems identified in the Sales Department fall under the responsibility of the Managing Director or the Senior Internal Auditor? Explain your reasoning. i. Who is responsible for the problems identified? ii. Explain your reasoning b. What is one way the internal audit staff can assist the Managing Director to rectify these problems? c. As an accountant, you are required to apply the guidelines of the APES 110 Code of Ethics as you assist the Managing Director in rectifying these issues. Research the APES 110 Code of Ethics and outline five principles you should apply to your role as an internal auditor. 1 2 3 4 5 d. Review the problems with the internal control system in the Sales Department identified by the Managing Director. What are three impacts for Book Worm's operations and profitability? 1 2 3
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