Economia

ISA 610
INTERNATIONAL STANDARD ON AUDITING 610
USING THE WORK OF INTERNAL AUDITORS
(Effective for audits of financial statements for periods
beginning on or after December 15, 2009)
CONTENTS
Paragraph
Introduction
Scope of this ISA ........................................................................................... 1−2
Relationship between the Internal Audit Function andthe External
Auditor .................................................................................................... 3−4
Effective Date ................................................................................................ 5
Objectives ..................................................................................................... 6
Definitions..................................................................................................... 7
Requirements
Determining Whether and to What Extent to Use the Work of the Internal
Auditors ................................................................................................... 8−10
Using Specific Work of the Internal Auditors ............................................... 11−12
Documentation............................................................................................... 13
Application and Other Explanatory Material
Scope of this ISA ........................................................................................... A1−A2
Objectives of the Internal Audit Function ...................................................... A3
Determining Whether and to WhatExtent to Use the Work of the Internal
Auditors .................................................................................................. A4−A5
Using Specific Work of the Internal Auditors ............................................... A6
International Standard on Auditing (ISA) 610, “Using the Work of Internal Auditors”
should be read in conjunction with ISA 200, “OverallObjectives of the Independent
Auditor and the Conduct of an Audit in Accordance with International Standards on
Auditing.”
Introduction
Scope of this ISA
1. This International Standard on Auditing (ISA) deals with the external auditor’s
responsibilities relating to the work of internal auditors when the external
auditor has determined, in accordance with ISA 315,1 that the internal auditfunction is likely to be relevant to the audit. (Ref: Para. A1-A2)
2. This ISA does not deal with instances when individual internal auditors provide
direct assistance to the external auditor in carrying out audit procedures.
Relationship between the Internal Audit Function and the External Auditor
3. The objectives of the internal audit function are determined by management
and, whereapplicable, those charged with governance. While the objectives of
the internal audit function and the external auditor are different, some of the
ways in which the internal audit function and the external auditor achieve their
respective objectives may be similar. (Ref: Para. A3)
4. Irrespective of the degree of autonomy and objectivity of the internal audit
function, such function is notindependent of the entity as is required of the
external auditor when expressing an opinion on financial statements. The
external auditor has sole responsibility for the audit opinion expressed, and that
responsibility is not reduced by the external auditor’s use of the work of the
internal auditors.
Effective Date
5. This ISA is effective for audits of financial statements forperiods beginning on
or after December 15, 2009.
Objectives
6. The objectives of the external auditor, where the entity has an internal audit
function that the external auditor has determined is likely to be relevant to the
audit, are:
(a) To determine whether, and to what extent, to use specific work of the
internal auditors; and
(b) If using the specific work of the internal...