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Scenario B Medical Supplies (Pty) Ltd management believes the internal audit function is responsible for policing whether employee complies with policies and procedures. As the

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Scenario B Medical Supplies (Pty) Ltd management believes the internal audit function is responsible for policing whether employee complies with policies and procedures. As the CAE, you decided to organise a session with senior management to explain the role, purpose and authority of internal auditing in the company. REQUIRED MARKS 1.5 Based on the information in scenario B: Name and define the two types of services that the internal audit function can provide to Medical Supplies (Pty) Ltd. Give one (1) example for each the type of service provided. The purpose, authority, and responsibility of the internal audit activity must be formally defined in an internal audit charter. Name the three (3) main areas covered by the internal audit charter as per the Standards. [6] 1.6 [3] Page 3 of 11

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