31386 paragraphs found
The objectives of the external auditor, where the entity has an internal audit function and the external auditor expects to use the work of the function to modify the nature or timing, or reduce the extent, of audit procedures to be performed directly by …
For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …
Internal audit function means a function of an entity that performs assurance and consulting activities designed to evaluate and improve the effectiveness of the entity’s governance, risk management and internal control processes. …
Direct assistance means the use of internal auditors to perform audit procedures under the direction, supervision and review of the external auditor. …
The external auditor shall determine whether the work of the internal audit function can be used for purposes of the audit by evaluating the following: The extent to which the internal audit function’s organisational status and relevant policies and …
The procedures identified in paragraphs 4 and A2 would ordinarily include the following: reviewing and discussing with management the procedures within the entity’s internal control structure for identifying and recording litigation and claims and …
The external auditor shall not use the work of the internal audit function if the external auditor determines that: The function’s organisational status and relevant policies and procedures do not adequately support the objectivity of internal auditors; …
Determining the Nature and Extent of Work of the Internal Audit Function that Can Be Used …