09-28-2003, 01:14 PM
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Please consider a case there is a company where you are statuatory auditor and another firm of chartered accountants is internal auditor.
The company is located outside Karachi. The management of the company feels that the stock report issued by the internal auditor (Duly signed) should be acceptable to the external auditor (i.e you) for your external audit.
What are you do. I need advice but please be practical
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What are the reasons for management, to ask the external auditor to rely on Internal auditor certificate/report, is it time of appointment or otherwise. If its time of appointment the external should qualify.
Usman
Please consider a case there is a company where you are statuatory auditor and another firm of chartered accountants is internal auditor.
The company is located outside Karachi. The management of the company feels that the stock report issued by the internal auditor (Duly signed) should be acceptable to the external auditor (i.e you) for your external audit.
What are you do. I need advice but please be practical
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana" size=2 id=quote>
What are the reasons for management, to ask the external auditor to rely on Internal auditor certificate/report, is it time of appointment or otherwise. If its time of appointment the external should qualify.
Usman
