13 May. 2015
AUASB issues Bulletin on the Impact of Direct Assistance Prohibition of Internal Audit on Group Audits
The AUASB has released a Bulletin Internal Audit – Impact of Direct Assistance Prohibition on Group Audits.
One of the areas of challenge impacting auditors since the revision of ASA 610 Using the Work of Internal Auditors is around the issues that auditors need to consider when using the work of internal auditors in jurisdictions where there is no prohibition on the use of direct assistance. The purpose of this Bulletin is to lead auditors to the use of professional judgement on audit engagements when planning, obtaining and assessing the sufficiency and appropriateness of audit evidence that was compiled in a jurisdiction, where there is no prohibition on the use of direct assistance of internal auditors in that jurisdiction.