(i)Assume that you can rely on the work of the internal audit department of TT and that the internal audit team had completed work on the following:

Physical verification and count of items of Property, Plant and Equipment (PPE).

Review of the process and internal controls related to the procurement of PPE.

Review of reasonableness of estimated useful lives and impairment of PPE.

Identify and explain the areas (if any) where the external auditor could specifically rely on the work performed by the internal audit team of TT.