Auditing · Lesson 12 of 13

Using the Work of Others: Internal Audit, Experts, and Group Audits (PSA 610, PSA 620, PSA 600)

Keep sole responsibility for the opinion however much work others contribute, evaluate an internal audit function for objectivity, competence, and a systematic and disciplined approach before using its work, never let internal auditors give direct assistance on significant judgements, never refer to an auditor's expert or a component auditor in an unmodified opinion, and set component materiality below group materiality.

18 min read · Super Ea