Recommend THREE (3) audit procedures which can be performed to prevent external auditor's reliance on internal auditor's inadequate findings and conclusions.
Recommend THREE (3) audit procedures which can be performed to prevent external auditor's reliance on internal auditor's inadequate findings and conclusions.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
![A. An internal auditor needs to be competent, capable and objective if their services are
deemed adequate for the audit purpose. If an internal auditor does not fulfil the requirement
for each of the above attributes, the risk of error or inaccuracy in work carried out is
increased.
Required:
ii. Recommend THREE (3) audit procedures which can be performed to prevent external
auditor's reliance on internal auditor's inadequate findings and conclusions.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F900e627c-7638-4b1b-a4f4-37390f19c81e%2F0c989a47-2584-4836-a3bd-769fd2a8a643%2Fmhw7prt_processed.png&w=3840&q=75)
Transcribed Image Text:A. An internal auditor needs to be competent, capable and objective if their services are
deemed adequate for the audit purpose. If an internal auditor does not fulfil the requirement
for each of the above attributes, the risk of error or inaccuracy in work carried out is
increased.
Required:
ii. Recommend THREE (3) audit procedures which can be performed to prevent external
auditor's reliance on internal auditor's inadequate findings and conclusions.
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