(b) Criticise the internal control and internal audit arrangements at Gluck and Goodman as

(b) Criticise the internal control and internal audit arrangements at Gluck and Goodman as described in the case

scenario. (10 marks)

(b) CriticismsThe audit committee is chaired by an executive director. One of the most important roles of an audit committee is to reviewand monitor internal controls. An executive director is not an independent person and so having Mr Chester as chairman