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Author Question: External financial statement auditors must obtain evidence regarding what attributes of an internal ... (Read 156 times)

hgjjghgjh

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on: Aug 21, 2022

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
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by hgjjghgjh on Aug 21, 2022

gwisel

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Reply #1 on: Aug 21, 2022
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hgjjghgjh

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

anyusername12131

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Reply 3 on: Yesterday
Excellent

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