If the internal auditor is competent and objective,the auditor may generally rely on the work of an internal auditor in certain areas to reduce the amount of external audit work in these areas.

Question

Quizplus · Accepted Answer

If the internal auditor is competent and objective, the external auditor may rely on their work in certain areas to reduce the amount of external audit work needed. This is because the internal auditor has already performed some of the audit procedures, and their work can provide evidence to support the external auditor's opinion. However, the external auditor still needs to evaluate the internal auditor's work to ensure it is reliable and sufficient for the external audit purposes.

If the Internal Auditor Is Competent and Objective,the Auditor May