3. **What are some common methods of financial statement analysis, and how can they be used to evaluate the financial health and operational efficiency of a business?
2. **How does the income statement differ from the statement of cash flows, and why is each important for assessing a company's financial performance and liquidity?
3. **What role does technology play in enhancing the effectiveness and efficiency of internal audits, and what are some of the emerging tools and techniques that internal auditors are using today?
2. **How can an organization ensure that its internal audit function remains independent and objective, particularly when auditing areas where it has close working relationships with management?
**What are the primary objectives of conducting an internal audit within an organization, and how do these objectives support overall organizational governance and compliance?