Internal A work_AA_Ch_45

Internal A work_AA_Ch_45 - Using the Work of Internal...

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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 1 Using the Work of Internal Auditors 1. Relationships Between Internal Audit Function and External Auditor The objectives of internal audit function are determined by management and, where applicable, those charged with governance; and vary widely from entity to entity. External auditor has sole responsibility for the audit opinion expressed, and that responsibility is not reduced by the external auditor’s use of the work of the internal auditors
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© Peter T. Y. Lau and Nelson C. Y. Lam © Pilot Publishing Co. Ltd. 2009 Auditing and Assurance in Hong Kong 2 2. Determining Whether and to What Extent to Use Internal Auditors’ Work In determining whether the work of the internal auditors is likely to be adequate for purposes of the audit, the external auditor shall evaluate: The objectivity of the internal audit function; The technical competence of the internal auditors;
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Internal A work_AA_Ch_45 - Using the Work of Internal...

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