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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?
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.
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