Communication with Those Charged with Governance   (Ref: Para. 20) …

In accordance with ASA 260, [23]  the external auditor is required to communicate with those charged with governance an overview of the planned scope and timing of the audit.  The planned use of the work of the internal audit function is an integral part …

Discussion and Co‑ordination with the Internal Audit Function   (Ref: Para. 21) …

In discussing the planned use of their work with the internal audit function as a basis for co-ordinating the respective activities, it may be useful to address the following: The timing of such work. The nature of the work performed. The extent of audit …

Co-ordination between the external auditor and the internal audit function is effective when, for example: Discussions take place at appropriate intervals throughout the period. The external auditor informs the internal audit function of significant …

ASA 200 [24]  discusses the importance of the auditor planning and performing the audit with professional scepticism, including being alert to information that brings into question the reliability of documents and responses to enquiries to be used as …

Procedures to Determine the Adequacy of Work of the Internal Audit Function    (Ref: Para. 23-24) …

The external auditor’s audit procedures on the body of work of the internal audit function as a whole that the external auditor plans to use provide a basis for evaluating the overall quality of the function’s work and the objectivity with which it has …

Scalability (Ref: Para. 13 ) …

The procedures the external auditor may perform to evaluate the quality of the work performed and the conclusions reached by the internal audit function, in addition to re-performance in accordance with paragraph 24 , include the following: Making …