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List the advantages of Internal Audit?

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Answer:

Advantages of Internal Audit are following:
★ It is in-expensive.
★ No charted accounted is required to audit internally.
★ Errors will be removed before preparing financial statements.
★ There will not be any type of embarrassment in the society because errors have been removed.
★ Accounting staff will remain in pressure so record will remain update every time in the organization.

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