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Hello
As it pertains to the reliance by the external auditor on work done by internal audit, what is the criteria?
I’m not sure what your question is … “What is the criteria?”
The internal audit department / function is a part of an entity’s internal control system and if the auditor wished to place any sort of reliance on the work carried out by that function then, as with all controls upon which the auditor wishes to place reliance, the external auditor needs to assess whether that control is working as intended and is working satisfactorily
In effect, the external auditor needs to audit the internal audit function to confirm / determine its reliability
Does that answer your question “What is the criteria?”?
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