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External Auditors Do Not Rely on Internal Auditors as Much as They Could – Why?

In: Business and Management

Submitted By carterusm77
Words 4113
Pages 17
External auditors do not rely on internal auditors as much as they could – why?
How could this reliance be improved?

Presented By
Mingdi Deng
Shirene Horner
Yueyang Shi
Trevor Stewart
Jingtao Wang

CONTENTS PAGE
ABSTRACT 3
1. INTRODUCTION 3
2. REASONS 3 2.1 INTERNAL AUDITOR ROLES 3 2.2 THE REPORTING AND OBJECTIVITY RELATIONSHIP OF THE INTERNAL AUDITOR 4
3. COLLABORATION IN PRACTICE 5 3.1 COMMUNICATION AND COOPERATION 5 3.2 PROFESSIONAL STANDARDS 5 3.3 RECORDING AND TESTING ACCOUNTING SYSTEMS 6 3.4 SUBSTANTIVE TESTS 6
4. CONSEQUENCES OF INFLUENCE 7
5. RELIANCE IMPROVEMENTS 8 5.1 ATTEMPTS FOR IMPROVEMENT 8 5.2 INCREASE THE EFFICIENCY AND COMMUNICATION METHOD FOR INTERNAL AUDITORS AND EXTERNAL AUDITORS 8 5.3 FURTHER EDUCATION IS SIGNIFICANT 9 5.4 A HARMONIOUS WORKING ENVIRONMENT MAKES THINGS DIFFERENT 9 5.5 LEGISLATION 9
6. CONCLUSIONS 10
7. REFERENCES 11
8. APPENDIX

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