The Factors Or Circumstances Where External Auditors Can Rely On The Internal Audit Department/Internal Auditor

The following factors or circumstances where the external auditor can rely on the work of the internal auditor:

  1. The professional qualifications of the internal auditor both on competency and ethical grounds
  2. The adequacy of planning, control and documentation in the internal audit department
  3. The responsibility of the internal audit department, whether it be to board of director generally, an audit committee or to the Head of Accounts Or Finance
  4. The efficiency of operations of the Internal Audit Department
  5. The scope of the internal audit department’s work. Naturally, where the internal audit departments cover common ground with the external auditor, this would be more useful than a department with a very restricted role.

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