What is objectivity as it relates to the internal audit function? What factors does an external auditor

Question:

What is objectivity as it relates to the internal audit function? What factors does an external auditor consider when assessing the objectivity of a client's internal audit function?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

See More Books

Question Posted: Sep 22, 2014 08:53 AM

See More Questions

What factors does an external auditor consider when assessing the competence of the internal audit function and quality of work performance of a client's internal audit function?
What is a tax position as it relates to the application of ASC 740 to uncertain tax positions?
Mr. Paco reported the following income and expenses in 2020 Gross Compensation income Gross professional fess Dividend income Interest income from deposit Cash donation to government for public...
Greety Food in Ashland, Kentucky, manufactures and markets snack foods. Sita Lee manages the company's fleet of 220 delivery trucks. Lee has been charged with *reengineering* the fleet-management...
Consider a fish swimming 5 m below the free surface of water. The increase in the pressure exerted on the fish when it dives to a depth of 25 m below the free surface is (a) 196 Pa (b) 5400 Pa (c)...
The proton collision that creates the pion also creates a gamma-ray photon traveling in the same direction as the pion. The photon will get to the medical bay first because it is moving faster. What...
Football, Brain Size, and Cognitive Scores Exercise 2.143 on page 102 introduces a study that examines the association between playing football, brain size as measured by left hippocampal volume (in...
Kopecky Industries Inc. is considering allocating a limited amount of capital investment funds among four proposals. The amount of proposed investment, estimated income from operations, and net cash...
Express as a composition of two functions; that is, find g and h such that f = goh. [Note: Each exercise has more than one solution.] - 18. y = 1 |x 3|
Significant Figures 1. How many significant figures are contained in each of the following numbers? 7809700.897 tons 94700. m 28.2890 cm 347600 L 0.07890 pints 120 atoms Rounding 2. Round each of the...
Assess each deficiency described below and determine whether it should be classified as a control deficiency, significant deficiency, or material weakness. Consider each deficiency separately. Be...
AS 5 encourages the external auditor to consider the work of the internal audit in accumulating audit evidence when performing an integrated audit of internal control and financial statements. a....
John has been fixing bicycles for three years now. He notices that he is getting better with an increase in experience, though he does not necessarily know why. Johns learning is most likely a form...
An obligation to perform actions that are already required. a. barren pr omise b. consideration c. forbearance d. gratuitous promis e e. general re lease f. moral c onsideration g. past c...
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. A newspaper advertisement of goods for sale is usually considered an invitation to trade.
Increasing global temperatures can result from increasing amounts of carbon dioxide released into the atmosphere. a. National Environmental Policy Act b. environmental impact Statement c....
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. An offer to pay for a benefi t after it has been received is enforceable.
An unoffi cial category of crime that generally does not involve force or violence. a. arson b. bribery c. burglary d. extortion e. felony f. forgery g. misdemeanor h. perjury i. robbery j....
Which TTL series can drive the most device inputs of the same series?
Using a graphing utility, graph y = cot -1 x.
A positive reactivity was added to a critical reactor operating at a certain steady power level. The reactor power increased by $20 \%$ in $100 \mathrm{~s}$. Use the delayed neutron data given in...
Fred, our cat, just won the local feline lottery to the tune of 3000 cans of "9-Lives" cat food (assorted flavors). A local grocer offers to take the 3000 cans and in return, supply Fred with 30 cans...
An apartment building in your neighborhood is for sale for $140,000. The building has four units, which are rented at $500 per month each. The tenants have long-term leases that expire in 5 years....
A new machine can be purchased today for $300,000. The annual revenue from the machine is calculated to be $67,000, and the equipment will last 10 years. Expect the maintenance and operating costs to...
What is the worst case running time of the following sudo codes, in 0- notation? Suppose that all arithmetic operations (including simple multiplication) take a constant amount of time. Justify your...
4. Let G be a pseudorandom generator with expansion factor (n) > 2n. In each of the following cases, say whether G' is necessarily a pseudorandom generator and explain why or why not. Here, "||...
Write the code for the del () method in the following doubly linked list class public class ObjDList { private Obj Node list; private Obj Node tail; public ObjDList() { list = null; tail = null; }...

What is objectivity as it relates to the internal audit function? What factors does an external auditor

Question:

Step by Step Answer:

Objectivity is achieved when the auditor makes a balanced assessment of all the relevant c...View the full answer

Auditing a risk based approach to conducting a quality audit

Students also viewed these Auditing questions