The scope and objectives of the internal audit function vary widely and depend on the sizeand structure of the entity and the requirements of its management.Which THREE of the following functions could internal audit perform and beconsidered an independent function of management?(1) Examination of financial and operational information for management(2) Authorisation of transactions in excess of limits set by management(3) Review of accounting systems and related controls(4) Advising management on cost effective controls for systems and activities(5) Routinely preparing bank reconciliations
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