An independent auditor might consider the procedures performed by the internal audit function because
A) They are employees whose work must be reviewed during substantive testing.
B) They are employees whose work might be relied upon.
C) Their work impacts the cost/benefit tradeoff in evaluating inherent limitations.
D) Their degree of independence may be inferred by the nature of their work.

Question

Quizplus · Accepted Answer

An independent auditor might consider the procedures performed by the internal audit function because they are employees whose work might be relied upon. The internal audit function provides assurance and consulting services to the organization and their work might be useful to the independent auditor in evaluating the internal controls of the organization.

An Independent Auditor Might Consider the Procedures Performed by the Internal