COPYRIGHT NOTICE — This document is intended for internal use. It cannot be distributed to or reproduced by third parties without prior written permission from the Copyright Coordinator for the Office of the Auditor General of Canada. This includes email, fax, mail and hand delivery, or use of any other method of distribution or reproduction. CPA Canada Handbook sections and excerpts are reproduced herein for your non-commercial use with the permission of The Chartered Professional Accountants of Canada (“CPA Canada”). These may not be modified, copied or distributed in any form as this would infringe CPA Canada’s copyright. Reproduced, with permission, from the CPA Canada Handbook, The Chartered Professional Accountants of Canada, Toronto, Canada.

Reliance on internal audit—Image description
Nov-2015

Overview

This graphic lists the possible contributors to an OAG audit. The contributors are listed from low reliance to high reliance regarding their contribution. The list, from lowest to highest reliance, is as follows:

  • Management self-assessment
  • Management testing
  • Internal auditor or third party on behalf of management
  • Independent auditor testing

The following text explains the use of others from low reliance to high reliance: As objectivity and competence of others increase, we may use their work to a greater extent.

(Return)