20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Internal control

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
February 25, 2019 at 6:40 pm #506502
vavneetb
Participant
- Topics: 175
- Replies: 123
Internal auditors perform couple of internal audit assignments and one of them is Financial audits,Under this Whats the role of IA in financial audit?
Also,1. TOC can be performed by IA?
2. So the difference between IA and EA is that the IA is not allowed to give an opinion on FS, except this he is allowed to perform audit procedures, TOC and etc… Right?
February 25, 2019 at 8:15 pm #506510
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10601
IA can assist EA, but not in areas requiring a lot of judgement.
EA must review IA’s work ans EA have the sole responsibility for providing the audit report.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.