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The IIAs Practice Advisory 2050-1 recommends that the CAE ensure that there is coordination between...

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Accounting

The IIAs Practice Advisory 2050-1 recommends that the CAE ensure that there is coordination between internal audit and the external auditors. Which statement reflects below the benefits of having such coordination? I. Coordination helps ensure there is no duplication of work and thus reduces audit fees II. To help the external auditors assess to what extent they can rely on internal audits work done during the year III. To assess if the internal auditors can assist the external auditors IV. To help the external auditors understand the companys risk profile based on the work done by the internal auditors

A. I and II

B. II and IV

C. I and III

D. All of the above

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