QUESTION 21 OF 25

What are some ways that internal audit interacts with external auditors?

Auditing standard AU-C Section 322 The Auditor's Consideration of the Internal Audit Function covers what the external auditor's ability to rely on the work of internal auditors. According to the standard, the two parties (internal and external auditors) can: hold periodic meetings, schedule audit work, provide access to the internal auditors' working papers, reviewing audit reports, and discussing possible accounting and auditing issues.

"As an internal auditor, I would interact with the company's external auditors in several ways. First, we would work together to schedule audit work and hold several planning and review meetings. I would also provide access to our working papers and other files as needed. Additionally, we would discuss any accounting issues discovered during the audit."

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Anonymous Answer

We would work together to schedule audit work and hold several planning and review meetings. I would also provide access to our working papers and other files as needed. Additionally, we would discuss any accounting issues discovered during the audit.

Marcie's Feedback

Have you ever coordinated with external auditors before? If so, be sure to mention this experience and discuss how it went. Assure the interviewer that you are personable, collaborative, and open to working with others to achieve shared objectives.

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What are some ways that internal audit interacts with external auditors?

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