The purpose of internal audit is to review the working of business and for this purpose the internal auditor will review the working of the current year. Which one of the following is the reason for the internal auditor to review the working of the current year? To compare the performance with the competitors To reduce the work of the external auditor To locate the weak points To improve the work experience of the internal auditor uroniteto Which one of the following audit evidence obtained by the auditor is NOT sufficient and appropriate to substantiate his opinion about the inventory information in the financial statements? Shipping bill detailing about the freight charges for transporting inventory raw material Purchase bill detailing the purchase of a desktop computer for office use Analysis report of inventory turnover ratio Rental bill of the warehouse where the raw material and finished goods are stored Status meetings are used by the auditor to