71 paragraphs found
… part of an internal audit function for the purpose of this Auditing Standard, although they may perform controls that …
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 …
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: …
… of the factors in paragraphs A7 , A8 and A11 of this Auditing Standard individually and in aggregate is important … factors such as those described in paragraph A7 of this Auditing Standard collectively provide sufficient safeguards …
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 …
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 …
… audit or review conducted in accordance with the Australian Auditing Standards. …
… procedures directly in accordance with paragraph 18 of this Auditing Standard, and accordingly, make less use of the …
The external auditor shall also evaluate whether, in aggregate, using the work of the internal audit function to the extent planned would still result in the external auditor being sufficiently involved in the audit, given the external auditor’s sole …
The external auditor shall read the reports of the internal audit function relating to the work of the function that the external auditor plans to use to obtain an understanding of the nature and extent of audit procedures it performed and the related …