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State the factors that the external auditor should consider before placing reliance on the work of the internal auditor

QUESTION ONE(a) You have recently been appointed as the external auditor of XYZ Ltd. Explain the stages you would take in the conduct of your audit. (4 marks)(b) In the context of the Companies Act (Cap. 486), outline the procedure for the removal of an auditor. (6 marks)(c) The auditor should obtain sufficient and appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion.

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