When a company engages a Chartered Accountant as its internal auditor, the external auditor
A. need not check the areas covered by internal audit.
B. should ignore the existence of internal audit.
C. should incorporate the internal auditors report with his own.
D. should examine the system and efficiency of internal audit and devise a suitable audit programme.
Answer:D
When a company engages a Chartered Accountant as its internal auditor, the external auditor
A. need not check the areas covered by internal audit. B. should ignore the existence of internal audit. C. should incorporate the internal auditors report with his own. D. should examine the system and efficiency of internal audit and devise a suitable audit programme.