Determining the Nature and Extent of Work of the Internal Audit Function that Can Be Used …

As a basis for determining the areas and the extent to which the work of the internal audit function can be used, the external auditor shall consider the nature and scope of the work that has been performed, or is planned to be performed, by the internal …

Professional scepticism is necessary for the critical assessment of audit evidence gathered when performing the risk assessment procedures, and assists the auditor in remaining alert to audit evidence that is not biased towards corroborating the existence …

The external auditor shall make all significant judgements in the audit engagement and, to prevent undue use of the work of the internal audit function, shall plan to use less of the work of the function and perform more of the work directly: …

The external auditor shall also evaluate whether, in aggregate, using the work of the internal audit function to the extent planned would still result in the external auditor being sufficiently involved in the audit, given the external auditor’s sole …

The external auditor shall, in communicating with those charged with governance an overview of the planned scope and timing of the audit in accordance with ASA 260, [7]  communicate how the external auditor has planned to use the work of the internal …

If the external auditor plans to use the work of the internal audit function, the external auditor shall discuss the planned use of its work with the function as a basis for co‑ordinating their respective activities.  …

The external auditor shall read the reports of the internal audit function relating to the work of the function that the external auditor plans to use to obtain an understanding of the nature and extent of audit procedures it performed and the related …

The external auditor shall perform sufficient audit procedures on the body of work of the internal audit function as a whole that the external auditor plans to use to determine its adequacy for purposes of the audit, including evaluating whether: The work …

The nature and extent of the external auditor’s audit procedures shall be responsive to the external auditor’s evaluation of: The amount of judgement involved; The assessed risk of material misstatement; The extent to which the internal audit function’s …