Question

How does the auditor evaluate the objectivity and competence of others who perform work for management? no less than 200 words please.

Answer 1

When assessing the internal auditors' competence, the auditor should obtain or update information from prior years about such factors

Audit policies, programs, and procedures.

Practices regarding assignment of internal auditors.

Quality of working-paper documentation, reports, and recommendations.

Evaluation of internal auditors' performance.

In assessing competence and objectivity, the auditor usually considers information obtained from previous experience with the internal audit function, from discussions with management personnel, and from a recent external quality review, if performed, of the internal audit function's activities. The extent of such testing will vary in light of the intended effect of the internal auditors' work on the audit. If the auditor determines that the internal auditors are sufficiently competent and objective, the auditor should then consider how the internal auditors' work may affect the audit.