Upon the successful completion of a Bachelor of Science Science Degree in Business Administration, you have been invited to attend an interview by one of Jamaicas leading organization Grace Kennedy Company Limited. There are two departments in which you could take up a position the internal audit department, or the accounting department. How would you answer the following questions that were posed by the Finance Director at the interview?

1. With respect to the conduct of an external audit, explain the division of responsibility between that of the auditor and of management.