29 paragraphs found
… In obtaining an understanding of the system, including controls, the assurance practitioner determines whether the entity has an internal audit function and its effect on the controls within the system. The internal audit function ordinarily forms part of the …
… assurance practitioner’s procedures on specific work of the internal auditors will depend on the assurance … (for example, the significance of the risks that the controls tested seek to mitigate), the evaluation of the internal audit function and the evaluation of the specific …
… and the role of the governing body, audit committee and internal audit function; knowledge of the entity’s internal control structure obtained during other … recent changes if any, in the entity, its operations or its internal control structure; methods adopted by management to …
… The division of internal control into the components, in paragraph … for the discussion of different aspects of an entity’s internal control which may affect the engagement in this … reflect how an entity designs, implements and maintains internal control, or how it may classify any particular …
… Internal audit function―A function of an entity that … of the entity’s governance, risk management and internal control processes. …
… Control or internal control―The process designed, implemented and … of control objectives relating to the entity’s system. Controls included in the scope of the assurance engagement …
… Control components will depend on the controls framework applied. For example the control components in the Treadway Commission’s Internal Control Integrated Framework 2013 (COSO Framework) …
… practitioner shall determine whether the entity has an internal audit function. If so the assurance practitioner shall obtain an understanding of the internal audit function and perform a preliminary assessment …
… Manual elements in internal control may be more suitable where judgement and … control. In monitoring the effectiveness of automated controls. …
… In accepting an assurance engagement on controls, the assurance practitioner, in order to comply … considers whether the assurance practitioner has provided internal audit or consulting services with respect to the design or implementation of controls at the entity, as any such past or current …