In evaluating the strength of internal control in determining the nature,timing and extent of substantive audit evidence to collect the auditor must form their own independent assessment.Audit evidence cannot be reduced based upon the work of the internal auditor.

Question

Quizplus · Accepted Answer

The auditor can consider the work of the internal auditor to reduce the amount of substantive audit evidence needed, provided they assess the internal auditor's work as reliable and relevant.

In Evaluating the Strength of Internal Control in Determining the Nature,timing