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3 Cards in this Set
- Front
- Back
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Evaluating the internal audit function: |
Objectivity Competency Effectiveness in a systematic and disciplined approach including quality control. |
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The external audit shall not use the work of the internal audit function of the auditor determines that: |
Organizational status and relevant policies and procedures do not adequately support the objectivity of internal auditors Lacks sufficient competence Function does not apply a systematic and disciplined approach including quality control. |
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Determining whether, in which areas, and to what extend the work can be used |
Section A provides examples that could match with case facts. Objectivity (Bias, conflict of interest, influence, appropriate reporting) Competency (Adequate technical training, knowledge, education, size) Application of systematic and disciplined approach (Planning, performing, supervising, reviewing, documenting it's activities) |
