Question 1: Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. Explain the relationship between Internal Auditor with External Auditors, Board of Directors, and CEO.

Question 2: What is the role of board of directors, CEO, CFO, and internal auditors towards internal control systems? Give two examples.

Question 3: Discuss the changes in audit methodology of external auditors if their clients are using Integrated Reporting. Will it affect the scope of audit? What will be the impact on audit fees?

answer 1&2,and 3