External financial statement auditors must obtain evidence regarding what attributes of an internal audit (IA) department if the external auditors intend to rely on IA's work?
A) integrity
B) objectivity
C) competence
D) all of the above

Question

Quizplus · Accepted Answer

External financial statement auditors must obtain evidence regarding all attributes of an internal audit (IA) department, including integrity, objectivity, and competence, if the external auditors intend to rely on IA's work. This is because the IA department's work may impact the audit opinions and findings of the external auditors. Therefore, before relying on IA's work, external auditors need to ensure that the IA department has the necessary attributes to perform the work effectively and ethically.

External Financial Statement Auditors Must Obtain Evidence Regarding What Attributes