Naslov
How to Improve the Cooperation between Internal and External Auditors?

Autori
Čular, Marko

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, stručni

Skup
IIA Slovenija

Mjesto i datum
Ljubljana, Slovenija, 18.09.2020

Vrsta sudjelovanja
Pozvano predavanje

Vrsta recenzije
Podatak o recenziji nije dostupan

Ključne riječi
internal audit, external audit, cooperation, audit committee

Sažetak
Between internal and external auditors it is necessary to be a good cooperation and coordination. Objectives of the internal and external auditors are different from the company point of view, but in the achievement of the specific goals, there are interactions and work cooperation. The benefits and synergy that can be achieved through the cooperation of internal and external audit have also been recognized by relevant professional bodies (ISA 610 - Using the Work of Internal Auditors & Standard 2050 - Coordination and Reliance). Effective communication between internal and external auditors creates an environment in which external auditors can be informed of important issues that may affect the performance of external auditors (ISA 315). External auditors can, through their knowledge and activities, make recommendations for improving the internal audit, and the successful functioning of the internal audit reduces the control risk and directly affects the scope, type and nature of the external auditor's work. Internal auditors can use and rely on the work of external assurance providers and advisory services. Under Standard 2050, CAE share information, coordinate activities, and consider relying upon the work of other internal and external assurance and consulting service providers to ensure proper coverage and minimise duplication of efforts. Audit committees play a key role in cooperation between internal and external auditors. They are responsible for overseeing the effectiveness of internal controls and risk management system of the company. Therefore, it is in their interest to establish compatible relationships among the various corporate oversight mechanisms, both inside and outside the company.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA