Using Specific Work of the Internal Audi

Using Specific Work of the Internal Auditors

1. In order for the external auditor to use specific work of the internal auditors, the external auditor shall evaluate and perform audit procedures on that work to determine its adequacy for the external auditor’s purposes. (Ref: Para. A6)
2. To determine the adequacy of specific work performed by the internal auditors for the external auditor’s purposes, the external auditor shall evaluate whether:
   1. The work was performed by internal auditors having adequate technical training and proficiency;
   2. The work was properly supervised, reviewed and documented;
   3. Adequate audit evidence has been obtained to enable the internal auditors to draw reasonable conclusions;
   4. Conclusions reached are appropriate in the circumstances and any reports prepared by the internal auditors are consistent with the results of the work performed; and
   5. Any exceptions or unusual matters disclosed by the internal auditors are properly resolved.