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Inter audit and external audit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Inter audit and external audit

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Kim Smith.
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  • September 1, 2021 at 4:48 pm #633816
    meeruraj
    Member
    • Topics: 29
    • Replies: 24
    • ☆☆

    who sets the scope of the external audit and internal audit
    who appoints the internal audit head
    who appoints the internal audit memebers

    September 1, 2021 at 7:26 pm #633863
    Kim Smith
    Keymaster
    • Topics: 137
    • Replies: 8386
    • ☆☆☆☆☆

    1. External – scope should be unlimited/determined by statutory responsibilities. Internal – the audit committee (if there is one – otherwise the board) – see page 14 of our notes.
    2. Audit committee or board
    3. Whoever has responsibility – e.g. may be delegated to an HR department – but head of internal audit may have a say/make a recommendation.

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