Circumstances When Work of the Internal Audit Function Cannot Be Used   (Ref: Para. 16) …

The external auditor’s evaluation of whether the internal audit function’s organisational status and relevant policies and procedures adequately support the objectivity of the internal auditors, the level of competence of the internal audit function, and …

Consideration of the factors in paragraphs A7 , A8 and  A11 of this Auditing Standard individually and in aggregate is important because an individual factor is often not sufficient to conclude that the work of the internal audit function cannot be used …

In addition, the relevant ethical requirements [16] , [*]  state that a self‑review threat is created when the external auditor accepts an engagement to provide internal audit services to an audit client, and the results of those services will be used in …

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

Depending on the circumstances, the auditor may judge it appropriate to examine related source documents, such as invoices for legal expenses, as part of the auditor’s review of legal expense accounts.  …

Once the external auditor has determined that the work of the internal audit function can be used for purposes of the audit, a first consideration is whether the planned nature and scope of the work of the internal audit function that has been performed, …

Examples of work of the internal audit function that can be used by the external auditor include the following: Testing of the operating effectiveness of controls. Substantive procedures involving limited judgement. Observations of inventory counts. …

The external auditor’s determination of the planned nature and extent of use of the work of the internal audit function will be influenced by the external auditor’s evaluation of the extent to which the internal audit function’s organisational status and …

Judgements in planning and performing audit procedures and evaluating results   (Ref: Para. 18(a)) …