in which of the following respect is the internal auditor considered as superior to the financial auditor and even the cost auditor? The internal auditor is an employee of the business entity The internal auditor is an expert in all branches of business The internal auditor can comment on the accounting policies The internal auditor appraises the economy and efficiency with which the resources are employed You are appointed as an internal auditor or elegant constructions company. As the internar auditor you nave the You are appointed as an internal auditor of Elegant Constructions Company. As the internal auditor you have the responsibility to appraise the economic and efficient use of the company's resources. According to you which one of the following represents uneconomical or inefficient utilization of the company's resources? Constructive Grievance redressal mechanism Overstocking of construction materials Optimal use of construction machinery Dedication of construction workers involved in laying tiles achievement of objectives. The management of internal control system. But the management did TROTETIN nererinne TORTY tinne taarify the water than Modern Furniture Mart is an ambitious company that focuses on achievement of objectives. The management established several policies, procedures and regulations as a part of internal control system. But the management did not instruct the accounting personnel to perform bank reconciliations to verify the correctness of recording the bank transactions. This resulted in omission of several transactions both in the cash book of the company and the bank statements as well leading to inappropriate information about the cash and bank balance details in the balance sheet of the company. This act on the part of the management will result in: the company Insignificant Weakness While auditing the financial statements of Swimmers Shipping Compa immaterial Review comes across Occasions where the corrective actions to resolve an aud Significant Deficiency audit report has been finalized. Which one of the following step will be Material Weakness 1 until and after the this situation? While auditing the financial statements of Swimmers Shipping Company, Mr. Basam, the auditor of the company comes across occasions where the corrective actions to resolve an audit issue was not accomplished until and after the audit report has been finalized. Which one of the following step will be performed by Mr. Basam in this situation? Re-audit Follow-up Feedback Audit postponement