• By viewing company's actual performance against budgeted perfornwnce. possibilities of
errors are highlighted.
• Carry out risk assessments.
• Continuous reviews help prevent errors and fraud.
• Internal auditor ensures proper books of accounts are always maintained.
• It undertakes investigations in areas suspected to be prone to errors and fraud.
• It follows, upon the recommendation raised by external auditors.
• They advise management on appropriate areas of instituting controls to prevent errors and
fraud
Kavungya answered the question on May 14, 2019 at 13:00
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