Question: 3. Internal Auditing You are a junior auditor in the upcoming audit of Turnpike Contractors Ltd. You have asked the auditor in charge, Tracy, whether

3. Internal Auditing

You are a junior auditor in the upcoming audit of Turnpike Contractors Ltd. You have asked the auditor in charge, Tracy, whether you should contact the chief audit executive at Turnpike Industries to see whether your firm could use any of their internal audit work in the upcoming audit. However, Tracy says to you: "How can you even think of doing that? Internal auditors are employees of the company, so how could they possibly be independent enough for us to consider using them as a source of evidence in our audit?"

REQUIRED:

Critically evaluate Tracy's position.

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