Task: Support the answers with quotes from scholars' publications and other articles. Express your opinion on the subject of the question in a separate paragraph that should be titled 'My Opinion'.
Question 1. Internal control elements vary in their design and application under the manual systems versus the electronic systems. List, describe, compare, contrast, and argue five main different examples of those control elements.
Question 2. The literatures have discussed the pros and cons for outsourcing internal audit. List at least 3 reasons for, and 3 reasons against outsourcing of internal audit. Express your opinion in a separate paragraph.
Question 3. A number of scholars argue that internal auditors and the audit organization must be independent. Others stated that the auditors and the organization are integral part of the company and achieving independence is impossible; consequently the internal audit function is not as effective as the external audit function. Discuss the above statements and express and support your opinion.