Auditee refers to people subject to assessment in an assurance engagement

Auditee refers to people subject to assessment in an

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Auditee– refers to people subject to assessment in an assurance engagement. Customer – refers to the people seeking services in a consulting engagement.Internal Auditing: Assurance and Consulting Services, 2ndEdition. © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL 32701 USA 37
Internal Auditing: Assurance and Consulting Services, 2ndEdition. © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL 32701 USA 38IPPF Mandatory GuidanceThe International Standardsfor the Professional Practice of Internal AuditingAssurance and Consulting (Advisory) ServicesThe relative complexity of assuranceengagements is reflected in the Standards. The Implementation Standards for assuranceservices are more stringentand numerous than those for consulting services because the internal audit function must:Plan and perform an assurance engagement and report the engagement results in a manner that meets the needs of the third-party users who are not involved directly in the engagement.Take care to avoid any potential conflicts of interest with these users..
Internal Auditing: Assurance and Consulting Services, 2ndEdition. © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL 32701 USA 39IPPF Strongly Recommended GuidanceThe mandatory guidance(Definition of Internal Auditing, Code of Ethics, and Standards) is relatively general in nature because it is applicable to all internal audit activities.Internal audit assurance and consulting engagements are conducted in a wide variety of organizations, by in-house internal audit functions or outside service providers, in a centralized or decentralized organizational structure, and in diverse cultures and legal environments.The strongly recommended guidance(Practice Advisories, Position Papers, and Practice Guides) provide more specific, nonmandatory guidance. In some cases, strongly recommended guidance may not be applicable to all internal audit functions.In other cases, it may represent only one of many acceptable alternatives.However, this guidance is authoritative in the sense The IIA has endorsed it through a formal endorsement process, which includes review by the Ethics Committee and the Internal Audit Standards Board for consistency with the mandatory guidance.
Internal Auditing: Assurance and Consulting Services, 2ndEdition. © 2009 by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte Springs, FL 32701 USA 40IPPF StructureMandatory Versus Strongly Recommended GuidanceMandatory guidance (i.e. Definition, Code of Ethics and Standards) describes principles for the professional practice of internal auditing.

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