Scenario C Marang Audit Services (Pty) Ltd have been the external auditors for Medical Supplies (Pty) Ltd for the past 8 years. Since the establishment of the internal audit function, management have been struggling to differentiate the roles and responsibilities of external and internal auditors. In your session with senior management, you decided to clear this misunderstanding on the roles and responsibilities of these two functions. REQUIRED MARKS 1.7 Based on the information in scenario C, explain to senior management the main objective of internal auditing as compared to external auditing. [3] UIRED MAR i Name and describe the five (5) elements of an audit finding 3.7 The CAE is required to present the findings of all audits conducted quarterly to the audit committee. Explain why it is important to present the final report to the audit committee