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USA-522310- Azienda Directories
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Azienda News:
- Using the Work of Others in Auditing: Guidelines, Risks, and Best . . .
This article explores the types of work auditors may rely on, the risks involved, and best practices to ensure the integrity and reliability of audit conclusions
- AS 2605: Consideration of the Internal Audit Function
The auditor should inform the internal auditors of their responsibilities, the objectives of the procedures they are to perform, and matters that may affect the nature, timing, and extent of audit procedures, such as possible accounting and auditing issues
- RELIANCE BY INTERNAL AUDIT ON OTHER ASSURANCE PROVIDERS-PRACTICE GUIDE . . .
an opinion to another auditor regarding specific control health and safety, controls over financial reporting, and objectives operated by a service provider These activities other regulatory compliance The purpose of this practice
- New Guidance on Coordination and Reliance in Internal Audit | Instituut . . .
A newly released Global Guidance, aligned with the Global Internal Audit StandardsTM, outlines a practical approach for chief audit executives to coordinate risk assessments and align assurance efforts across the organization
- USING THE WORK OF ANOTHER UDITOR
When using the work of another auditor, the principal auditor should ordinarily perform the following procedures: (a) advise the other auditor of the use that is to be made of the other auditor's work and report and make sufficient arrangements for co- ordination of their efforts at the planning stage of the audit
- Achieving controls reliance for Financial Statement audits
By relying on controls, including IT controls, the amount of substantive audit procedures can be reduced Internal department that identifies relevant risk areas impacting organizations and performs audits to determine if and how they have implemented controls to mitigate those risks
- Crucial Role Of Reliance On Third Parties And Experts In The Audit Process
For example, in case of SA 600 -Using work of another auditor, the principal auditor may prescribe the materiality of the parent company and the high-risk areas and guide the component auditor to perform certain audit procedures to arrive at the conclusion
- 4030 Reliance on Internal Audit - OAG-BVG
While paragraphs A121-A135 have been written in the context of using work performed by a practitioner’s expert, they may also provide helpful guidance with respect to using work performed by another practitioner, a responsible party or an internal auditor
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