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Factors that should be considered by an external auditor

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Factors that should be considered by an external auditor

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by bilal12345.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • June 26, 2018 at 7:19 pm #460268
    bilal12345
    Member
    • Topics: 12
    • Replies: 4
    • ☆

    Hi

    There was a question in Dec 2011 in which a scenario was given and in requirement it was mentioned that
    Explain the factors that should be considered by an external auditor before reliance can be placed on the work performed by a company’s internal audit department. (4 marks)

    The examiners answer discussed 4 points on this i.e Objectivity,Technical competence, Due professional care and Communication.

    My question is that if instead of Communication I write Scope of work (i.e internal auditor do many task which are not required by external auditors so external auditors check whether any relevant work has been done by them) so would it be correct and acceptable?

    June 26, 2018 at 7:29 pm #460270
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10595
    • ☆☆☆☆☆

    Perhaps.,EAs would only be interested work done by of IAs was relevant to them. No reliance needs ro be placed on work outside the scope of the external auditors.

    June 26, 2018 at 7:54 pm #460273
    bilal12345
    Member
    • Topics: 12
    • Replies: 4
    • ☆

    So writing this point that

    Scope of work :
    (i.e internal auditor do many task which are not required by external auditors so external auditors check whether any relevant work has been done by them)

    This would not be valid for 1 mark?

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • The topic ‘Factors that should be considered by an external auditor’ is closed to new replies.

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