Auditing and Assurance Services (16th Edition)
Auditing and Assurance Services (16th Edition)
16th Edition
ISBN: 9780134065823
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
Question
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Chapter 26, Problem 20DQP

a.

To determine

Explain the term objectivity which is related with the internal audit function.

b.

To determine

Identify and discuss for all the five situations, whether the objectivity of internal audit department of Company L has been materially impaired or not.

c.

(1)

To determine

Identify whether the reporting relationship results in a problem of objectivity. Also, explain the answer.

(2)

To determine

Identify whether the objectivity of internal audit department will change if the manager of internal audit reported to the audit committee of the board of directors. Also, explain the answer.

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