QUESTION $5$

$6$ marks

John Dlamini tasked one of the junior internal auditors to do a presentation to the senior management outlining the role, purpose, and authority of the internal audit activity in the company.

The junior internal auditor presented you the following statements, which he would like to include in his presentation:

The internal audit function needs to evaluate the fraud indicators and decide whether further action is necessary, or an investigation should be recommended.

$7$

Skimming involves stealing cash or assets from the organisation.

Standard $1210$: Proficiency is classified as a Performance Standard.

The internal audit charter authorises access to records, personnel and physical properties relevant to the performance of an internal audit engagement.

REQUIRED

Marks

$5\mathrm{.}1$ Indicate for each of the statements listed above $(1-4)$ whether it is true or

$(6)$

false. Where you have indicated false, rewrite the statement to make it a true statement.