Question
North, CPA, is planning an independent audit of the financial statements of General Company. In determining the nature, timing, and extent of the audit procedures,
North, CPA, is planning an independent audit of the financial statements of General Company. In determining the nature, timing, and extent of the audit procedures, North is considering Generals internal audit function, which is staffed by Tyler.
Required: a. In what ways can the internal auditors work be relevant to North, the independent auditor?
check all that apply
a. Tyler can assist with performing final analytical procedures.
b. Tyler can assist with evaluating testing results with North
c. Tyler can assist with planning the audit with North
d. Tylers internal auditing work may be relevant to North for obtaining a sufficient understanding of General's internal controls.
e. Tyler can assist with performing certain substantive testing.
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