Assessing Internal Audit Work
When Can External Auditors Rely on Internal Auditors?
External auditors assess whether internal audit work is suitable for use by evaluating the internal audit function's objectivity, competence, and systematic approach.
Tip
The more objective and competent the internal audit function, the more likely the external auditor can use its work.
Summary
Reliance on internal audit work depends on its quality, objectivity, and consistency.