Evaluating the internal audit function
SAS No. 65 states that if the external auditor has
decided it would be efficient to consider the work of the
internal audit function, the external auditor should assess
the internal auditors’ competence and objectivity as well
as the quality and effectiveness of the internal auditors’
work. The following sections discuss the assessments of
internal auditor’s competence, objectivity, and work performed
after first providing information about the sources
for these assessments.