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internal auditor and organisation status,

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › internal auditor and organisation status,

  • This topic has 10 replies, 3 voices, and was last updated 10 years ago by MikeLittle.
Viewing 11 posts - 1 through 11 (of 11 total)
  • Author
    Posts
  • November 17, 2014 at 11:24 am #210665
    ASHOK
    Member
    • Topics: 64
    • Replies: 103
    • ☆☆

    when ever we need to determine the objectivity of internal auditor we need to determine whether the organisation has the high status or not.

    high organisation status indicate high objectivity of internal auditor, what is organisation high status mean?what are the example of high organisation status of organisation

    November 17, 2014 at 9:42 pm #210806
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    Where have you found the expression “high organization status”?

    I can’t believe that it’s a quote from me!

    I’ve just checked google and your post is the second on the search for “high organization status”

    You’ve quoted the expressin to me so you have either read it or you’ve made it up!

    If you’ve made it up, then maybe I should be asking you what it means

    If you’ve read it, the text from which you quote should itself explain it.

    But it’s not an expression with which I am familiar – sorry 🙁

    November 18, 2014 at 3:47 am #210839
    ASHOK
    Member
    • Topics: 64
    • Replies: 103
    • ☆☆

    i bpp book of study text till jun 2015
    it is written, page no 209
    assessing the objectivity of internal audit

    organisation status —- high organisation status may indicate greater objectivity.does internal audit function report to those charged with governance,or merely to management ?

    conflicting responsibilities— does internal audit has other responsibilities
    that affect its objectivity?

    November 18, 2014 at 7:22 am #210861
    elsie2009
    Member
    • Topics: 34
    • Replies: 61
    • ☆☆

    This is in relation to the structure of the client and who the internal auditor reports to.

    It implies that if the internal audit function is at the operational level reporting to functional managers then the work of the ia department will not be objective as there will be a self review threat as they work with the people whom they are auditing they will not want to upset the relationship.

    On the other hand if they are a separate department reporting to the audit committee then we can utilise the work of them as they are independent and their objectivity will not be impaired.

    November 18, 2014 at 9:00 pm #211115
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    Thanks Elsie – I could have answered it but really wanted the context.

    Ashok, the extract from the sentence tells you what is meant!

    “to those charged with governance,or merely to management” should do it for you

    Ok?

    Elsie, is 3 hours 35 minutes too slow for you?

    November 18, 2014 at 9:13 pm #211120
    elsie2009
    Member
    • Topics: 34
    • Replies: 61
    • ☆☆

    Sorry I had the same book and read through the page, did not mean to offend you!

    November 18, 2014 at 9:15 pm #211122
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    None taken, and thanks for your input. But, for the future ….

    🙂

    November 18, 2014 at 9:18 pm #211124
    elsie2009
    Member
    • Topics: 34
    • Replies: 61
    • ☆☆

    Point taken – thank you for the advice! 🙂

    November 18, 2014 at 9:19 pm #211125
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    You’re welcome

    November 19, 2014 at 9:45 am #211213
    ASHOK
    Member
    • Topics: 64
    • Replies: 103
    • ☆☆

    thank you to both of u

    November 19, 2014 at 4:45 pm #211299
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23315
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
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