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View Policies Current Attempt in Progress How can the external auditors be impacted if a company has an effective internal audit function? External auditors can rely on the internal auditors to issue the opinion on the fair presentation of the financial statements. External auditors will likely increase the extent of their audit procedures. External auditors can modify the nature and timing of their procedures and reduce the extent of their testing. External auditors can allow the internal auditors to collect sufficient appropriate evidence to support the audit opinion