Reporting and Relationships Case Study: Internal Auditing Reporting Relationships: Serving Two Masters (attached)
Review the information contained with the governance report (report attached) answer the following questions in a two-to-three page paper that addresses:
1-What is the correct relationship of internal audit to senior management?
2-How should conflict be managed? Is conflict inevitable?
3-What types of relationships would compromise independence?
4-What should the Audit Committee of the Board of Directors do to ensure auditor independence?