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Internal auditors and external auditors

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Internal auditors and external auditors

  • This topic has 4 replies, 2 voices, and was last updated 4 years ago by andreaskraken.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • March 3, 2021 at 5:22 pm #613124
    andreaskraken
    Member
    • Topics: 57
    • Replies: 30
    • ☆☆

    The management of a company usually determines the scope of work of an interrnal auditor

    So I was wondering whether external auditors determine their own scope of work

    March 4, 2021 at 6:51 am #613211
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10595
    • ☆☆☆☆☆

    External auditors are required by law to report whether the financial statememts show a true and fair view.

    The work they should do to establish that is set out in the International Standards on Auditing…..though auditors’ judgement is still needed.

    March 4, 2021 at 1:41 pm #613304
    andreaskraken
    Member
    • Topics: 57
    • Replies: 30
    • ☆☆

    Ah so that means that external auditrors cannot determine their own scope of work??

    March 4, 2021 at 4:25 pm #613345
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10595
    • ☆☆☆☆☆

    Correct.

    March 5, 2021 at 3:29 am #613409
    andreaskraken
    Member
    • Topics: 57
    • Replies: 30
    • ☆☆

    Oh alright thank you very much

  • Author
    Posts
Viewing 5 posts - 1 through 5 (of 5 total)
  • The topic ‘Internal auditors and external auditors’ is closed to new replies.

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