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Q1. Company X is a merchandize company and now is facing issue with inventory counts. There were various types of inventories which are missing and
Q1. Company X is a merchandize company and now is facing issue with inventory counts. There were various types of inventories which are missing and therefore the CEO of the firm is now asking the internal auditor to examine the root cause of the issue. Which type of internal audit will be used in this type of scenario. What are the specific methods that will be used by the internal auditor to fix the issue? (15 marks) Q2. Recently Bank ABC's bank manager found that there are some loopholes in the banking mobile based android software. The bank manager has referred the case to a specific department at the head office. According to you, which department will deal with this kind of scenario? What are the issues or threats that are possible with this bank? Support with suitable example. (15 marks)
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