You are the auditor of NN Supermarkets Limited across the country. The
management has informed you that they intend to set up an internal audit function.

Required:
a) Identify and explain the function to be performed by the internal audit
department in NN Supermarkets Limited. (8
marks)
b) List four factors that you would consider before placing reliance on the work of
the auditors of NN Supermarkets Limited. (4 marks)
c) Explain four controls that you would expect to find in NN Supermarkets
Limited. (4 marks)
d) Explain how the quality of the internal audit department of NN
Supermarkets Limited can be assessed. (4
marks)