Work of IA

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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March 25, 2022 at 7:11 pm #651874
abokor
Participant
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Hi Kim

ISA 610 states that internal audit can be involved in substantive
procedures only in areas where only limited judgement is required.

can u give us an example of what sort of substantive procedures they can help and areas they are not allowed to provide for judgment.
March 26, 2022 at 5:22 pm #651943
Stephen Widberg
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Inventory count at locations not regarded as high risk.

Other physical verification – e.g. PPE (again not if regarded as high risk) at certain locations.
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