Effect of Internal Audit's Work on the External Audit

question 21

Essay

Effect of Internal Audit's Work on the External Audit
Which are the audit judgments made by the external auditor that should not be delegated to the internal auditor?

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Definitions:

Reengineering

The process of redesigning business processes and workflows to achieve significant improvements in critical aspects like cost, service, or speed.

Performing Task

Execution of a specific duty or assignment as part of one's role or responsibilities.

Professional Employer Organization

A firm that provides a service under which an employer can outsource employee management tasks, such as employee benefits, payroll, workers' compensation, and compliance issues.

Human Resource Services

Services provided by HR departments to manage and support an organization's workforce, including recruitment, training, and employee relations.