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Author Question: External financial statement auditors must obtain evidence regarding what attributes of an internal ... (Read 105 times)

hgjjghgjh

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Question 1

External auditors would consider internal auditors effective if they
◦ are independent of the operating units being evaluated.
◦ are competent and well trained.
◦ apply a systematic and disciplined approach, including quality control.
◦ All of these.

Question 2

External financial statement auditors must obtain evidence regarding what attributes of an internal audit department if the external auditors intend to rely on the internal auditor's work?

If they have performed relevant audit tests of the internal controls and financial statementsCompetence
YesYes


If they have performed relevant audit tests of the internal controls and financial statementsCompetence
NoNo


If they have performed relevant audit tests of the internal controls and financial statementsCompetence
YesNo


If they have performed relevant audit tests of the internal controls and financial statementsCompetence
NoYes


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Marked as best answer by hgjjghgjh on Aug 21, 2022

gwisel

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hgjjghgjh

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review


Joy Chen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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