multiple choice When an independent auditor decides that the work performed by internal auditors may have a bearing on the nature, timing, and extent of the independent auditor's procedures, the independent auditor should evaluate the competence and objectivity of the internal auditors. Relative to objectivity, the independent auditor should: a) Consider the organizational level to which the internal auditor reports the results of their work. b) Review the training program in effect for the internal audit staff. c) Examine the quality of the internal audit reports. d) Consider the qualifications of the internal audit staff.

multiple choice When an independent auditor decides that the work performed by internal auditors may have a bearing on the nature, timing, and extent of the independent auditor's procedures, the independent auditor should evaluate the competence and objectivity of the internal auditors. Relative to objectivity, the independent auditor should: a) Consider the organizational level to which the internal auditor reports the results of their work. b) Review the training program in effect for the internal audit staff. c) Examine the quality of the internal audit reports. d) Consider the qualifications of the internal audit staff.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

multiple choice
When an independent auditor decides that the work performed by internal auditors may have a
bearing on the nature, timing, and extent of the independent auditor's procedures, the
independent auditor should evaluate the competence and objectivity of the internal auditors.
Relative to objectivity, the independent auditor should:
a) Consider the organizational level to which the internal auditor reports the results of their work.
b) Review the training program in effect for the internal audit staff.
c) Examine the quality of the internal audit reports.
d) Consider the qualifications of the internal audit staff.

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