Scope of this Auditing StandardScope of this Auditing Standard

Scope of this Auditing Standard

1. [Deleted by the AUASB. Refer Aus 1.1 and Aus 1.2]

Aus 1.1 This Auditing Standard deals with the external auditor’s responsibilities if using the work of internal auditors. This includes using the work of the internal audit function in obtaining audit evidence.

Aus 1.2 The use of internal auditors to provide direct assistance is prohibited in an audit or review conducted in accordance with the Australian Auditing Standards.[*] For a group audit, this prohibition extends to the use of internal auditors to provide direct assistance in an audit or review of a component, including an overseas component, conducted in accordance with the Australian Auditing Standards.[#]

1. This Auditing Standard does not apply if the entity does not have an internal audit function. (Ref: Para. A2)
2. If the entity has an internal audit function, the requirements in this Auditing Standard relating to using the work of that function do not apply if:
   1. The responsibilities and activities of the function are not relevant to the audit; or
   2. Based on the auditor’s preliminary understanding of the function obtained as a result of procedures performed under ASA 315,[1] the external auditor does not expect to use the work of the function in obtaining audit evidence.

Nothing in this Auditing Standard requires the external auditor to use the work of the internal audit function to modify the nature or timing, or reduce the extent, of audit procedures to be performed directly by the external auditor; it remains a decision of the external auditor in establishing the overall audit strategy.

1. [Deleted by the AUASB. Refer Aus 1.2]
2. [Deleted by the AUASB. Refer Aus 1.2][2]