To what extent can an external auditor rely on the work of the internal auditors?
A) No reliance should be placed on the work of the internal auditors.
B) Internal auditors can only be used to support inventory counts.
C) If the internal auditors are assessed to be competent and objective their work may form a part of gathering sufficient and appropriate evidence.
D) If the internal auditors are assessed to be competent and objective their work may be relied upon to form an opinion.

Question

Quizplus · Accepted Answer

External auditors can rely on the work of internal auditors if they are assessed to be competent and objective, as part of gathering sufficient and appropriate audit evidence.

To What Extent Can an External Auditor Rely on the Work