April 2018
Beginner to intermediate
880 pages
28h 54m
English
| Source | Statement on Auditing Standards (SAS) 128. |
AU-C Section 610.11 states that:
…the objectives of the external auditor, when the entity has an internal audit function and the external auditor expects to use the work of internal auditors to modify the nature or timing, or reduce the extent, of audit procedures to be performed directly by the external auditor, are as follows:
- To determine whether to use the work of the internal audit function in obtaining audit evidence or to use internal auditors to provide direct assistance, and if so, in which areas and to what extent
- If using the work of the internal audit function in obtaining audit evidence, to determine whether that work is adequate for purposes of the audit
- If using internal auditors to provide direct assistance, to appropriately direct, supervise, and review their work
AU-C 610 addresses the external auditor's responsibilities if using the work of internal auditors. The external auditor may use internal audit to:
AU-C 610's requirements are, for the most part, organized around those two uses.
AU-C 610 does not apply if: