101 paragraphs found
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 …
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 …
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 …
The more judgement involved, the higher the assessed risk of material misstatement, the less the internal audit function’s organisational status and relevant policies and procedures adequately support the objectivity of the internal auditors, or the lower …
For purposes of this Auditing Standard, re‑performance involves the external auditor’s independent execution of procedures to validate the conclusions reached by the internal audit function. This objective may be accomplished by examining items already …