family Search Page Order Found on 1 AUDI TING MILLI CHAMP & TAYLOR PRACTICE QUESTIONS - CHAPTERS 11-20 1The external auditor may seek to place reliance on internal controls in order to restrict substantive testing. In each of the following circumstances, select whether the external auditor is likely to place reliance or place no reliance on internal controls. A company with an independent internal audit department Reliance / No reliance A family company where the financial director is related to the chief executive Reliance / No reliance A company where a fraud committed by the purchasing manager has been uncovered Reliance / No reliance 2. List the main characteristics of good audit evidence. family Search Page Order Found on 1 AUDI TING MILLI CHAMP & TAYLOR PRACTICE QUESTIONS - CHAPTERS 11-20 1The external auditor may seek to place reliance on internal controls in order to restrict substantive testing. In each of the following circumstances, select whether the external auditor is likely to place reliance or place no reliance on internal controls. A company with an independent internal audit department Reliance / No reliance A family company where the financial director is related to the chief executive Reliance / No reliance A company where a fraud committed by the purchasing manager has been uncovered Reliance / No reliance 2. List the main characteristics of good audit evidence