To some extent,the external auditor can rely on some of the company's evaluation and/or testing of controls,particularly work performed by a competent and independent internal audit function.

Question

Quizplus · Accepted Answer

The external auditor can rely on some of the company's evaluation and testing of controls if they are performed by a competent and independent internal audit function. However, the external auditor must still perform their own procedures to ensure the controls are effective and reliable.

To Some Extent,the External Auditor Can Rely on Some of the Company's