The key issues for an external auditor evaluating a client's internal audit function are the:
A) timing and scope of internal audit's work.
B) size of the internal audit function and its reporting independence.
C) competence and professionalism of internal audit staff.
D) quality of internal audit work and the independence of the internal audit function.

Question

Quizplus · Accepted Answer

The quality of internal audit work and the independence of the internal audit function are the key issues for an external auditor evaluating a client's internal audit function. While the timing and scope of internal audit's work, size of the internal audit function and its reporting independence, and competence and professionalism of internal audit staff are all important, the primary concern for the external auditor is ensuring that the internal audit function is conducting high quality work and is independent in its reporting.

The Key Issues for an External Auditor Evaluating a Client's