Using the Work of an Internal Audit (3)

Question 1

What does ISA 610 require

Answer 1

External auditor’s procedures to include reperformance of some of the internal audit work used

Question 2

What might audit procedures include (already examined)

Answer 2

Examination of items already examined by the internal auditors

Question 3

What might audit procedures include (similar items)

Answer 3

Examination of other similar items

Question 4

What might audit procedures include (Observation procedures)

Answer 4

Observation of procedures performed by the internal auditors

Question 5

What happens as the work internal audit is reviewed?

Answer 5

External auditor must consider whether initial conclusions reached when deciding whether to use internal audit work in first place are still valudm and should tailor audit procedures accordingly