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If the external auditor uses the work of the internal audit function, the external auditor shall include in the audit documentation: The evaluation of: Whether the function’s organisational status and relevant policies and procedures adequately support …
See ASA 260 Communication with Those Charged with Governance (as amended), paragraph 15 . …
The objectives and scope of internal audit functions typically include assurance and consulting activities designed to evaluate and improve the effectiveness of the entity’s governance processes, risk management and internal control such as the following: …
Activities similar to those performed by an internal audit function may be conducted by functions with other titles within an entity. Some or all of the activities of an internal audit function may also be outsourced to a third‑party service provider. …