Question 1 The CAE for Bangi Property reports administratively to the CFO and functionally to audit committee The scope of the internal audit function assurance services includes financial, operational and compliance engagements. Is the internal auditors' objectivity regarding accounting-related matters impaired in each of the situation describe below? Briefly explain your answer. 1. The internal auditors are frequently asked to make accounting entries for complex transactions that the company's accountant do not have the expertise to handle. A staff accountant reconciles the company's monthly bank statements. An internal auditor reviews the bank reconciliations to make sure they are completed properly. 2