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Q1 Mr. Wahid was head of finance department in Syed Group Company from January 2019 to July 2020. He designed cash collection and disbursement process.
Q1 Mr. Wahid was head of finance department in Syed Group Company from January 2019 to July 2020. He designed cash collection and disbursement process. In July 2020, he was transferred to Internal audit department of the company. In December 2020 he was asked to review and audit the finance department including cash collection and disbursement of the cash.
In your opinion, can Mr Wahid do this audit? What type of threat to independence is caused in this case and what should Mr Wahid do to mitigate this threat?
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