QUESTION 1 Public sector institutions are entrusted to ensure the effectiveness and efficiency of utilization of public resources. In relation to this, audit is an essential mechanism in facilitating and assuring the utilization of financial resources is in accordance with relevant laws, regulations and relevant accounting standards. a. State the purpose of audit in public sector (5 marks) b. Discuss the importance of having 2 categories of auditors namely internal and external in the public sector. (10 marks) C. Independence and objectivity are the utmost important traits of auditors in public and private sector. Propose several ways to ensure that they are impartial, unbiased and free from any conflict of interest. (5 marks) (Total 20 marks)