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QUESTION 2(25 Marks) 2.1. Define the term internal audit and explain its relevance...

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Accounting

QUESTION 2(25 Marks)
2.1. Define the term internal audit and explain its relevance to an organisation? (8 marks)
2.2. Briefly list the inherent limitations of internal controls? (6 marks)
2.3. Discuss the advantages/benefits of good internal controls in an organisation? (11 marks)

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