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ACCA Strategic Professional · Advanced Audit and Assurance (International) · Reporting on other assignments

Orion Assurance performs a reasonable assurance engagement on a client's sustainability report. The practitioner wants to use the work of the client's internal audit function as part of the evidence. Which statement is consistent with ISAE 3000 (Revised)?

The practitioner may use internal audit work after evaluating its competence, objectivity and adequacy, but remains solely responsible for the assurance conclusion. Referring to internal audit in the report as a source of the opinion would wrongly imply divided responsibility, and use is not prohibited by lack of full independence.

  1. AThe practitioner may reduce responsibility for the conclusion by referring to internal audit in the report as the source of the opinion
  2. BThe practitioner may use internal audit work only if it is performed by a qualified member of ACCA
  3. CThe practitioner may not use any work of internal audit as it is not independent
  4. DThe practitioner may use the work after evaluating its objectivity, competence and quality, but remains solely responsible for the conclusionCorrect

Explanation

A practitioner may use the work of others, such as internal auditors, after evaluating competence, objectivity and whether the work is adequate. Responsibility for the conclusion is not reduced by use of that work, and the report should not imply otherwise. Internal audit's lack of full independence does not bar use.

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