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May 28, 2008
カテゴリ： ハワイのＣＰＡ受験
In a brief memorandum to your audit team, describe the considerations of the work of internal auditors in an audit of financial statements.
To: Audit Team
Subject: Considerations of the work of internal auditors
One of the important functions of the internal auditors in a company is to monitor all aspects a company’s internal control. This memorandum describes briefly an independent auditor’s considerations of the internal audit function in auditing the financial statements.
The internal audit function of the Client may affect the nature, timing, and extent of the audit. Therefore, the auditor will understand the internal audit functions of the Client, and assess the competence and objectivity of the internal auditors. In attempting to determine the competency, the auditor will look at the person’s education, experiences, and some work produced by the internal auditor. In attempting to determine the objectivity, the auditor will identify the party to whom the internal auditor reports. The internal auditor should report to the audit committee.
The audit procedures that internal auditor may affect include the procedures in obtaining the understanding of internal control, risk assessment, and substantive procedures the auditor performs.
Even though the internal audit function can be utilized, or coordination of the audit work with internal auditors is efficient, reporting on the financial statements is solely the responsibility of the auditor. This responsibility cannot be shared with internal auditors.
To: Audit Team
Subject: Considerations of the work of internal auditors
One of the important functions of the internal auditors in a company is to monitor all aspects a company’s internal control. This memorandum describes briefly an independent auditor’s considerations of the internal audit function in auditing the financial statements.
The internal audit function of the Client may affect the nature, timing, and extent of the audit. Therefore, the auditor will understand the internal audit functions of the Client, and assess the competence and objectivity of the internal auditors. In attempting to determine the competency, the auditor will look at the person’s education, experiences, and some work produced by the internal auditor. In attempting to determine the objectivity, the auditor will identify the party to whom the internal auditor reports. The internal auditor should report to the audit committee.
The audit procedures that internal auditor may affect include the procedures in obtaining the understanding of internal control, risk assessment, and substantive procedures the auditor performs.
Even though the internal audit function can be utilized, or coordination of the audit work with internal auditors is efficient, reporting on the financial statements is solely the responsibility of the auditor. This responsibility cannot be shared with internal auditors.
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May 28, 2008 07:15:07 AM
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