he assurance practitione

Inplanning the engagement, the assurance practitioner shall determine whether the entity has an internal audit function. If so the assurance practitioner shall obtain an understandingof the internal audit function and perform a preliminary assessment regarding:

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(a)its impact on the system and the components of control within that system, including the control environment, risk assessment, information and communication, monitoring activities and control activities in relation to the system; and

(b)its effect on procedures to be performed by the assurance practitioner.

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The use of internal auditors to provide direct assistance is prohibited in an assurance engagement conducted in accordance with this ASAE. Direct assistance is the performance ofassuranceprocedures under the direction, supervision and review of the assurance practitioner.30This prohibition does not preclude reliance on the work of the internal audit function to modifythe nature or timing, or reduce the extent, of assuranceprocedures to be performed directly by the assurance practitioner.

Determining Whether and to What Extent to Use the Work of the Internal Audit Function

If theassurance practitioner’s evaluation of the internal audit function confirms that the work of the internal audit function can be used for purposes of the engagement,then the assurance practitioner shall determine the planned effect of the work of the internal audit function on the nature, timing or extent of the assurance practitioner’s procedures and in doing so, shall consider:

Documentation of the System

When obtaining an understanding of the system, if a description of the system is not prepared by the responsible party, the assurance practitioner shall document the system,to the extent considered appropriate as a basis for planning the engagement,which ordinarily includesidentification

Obtaining Evidence

Based on the assurance practitioner’s understanding obtained under paragraph37the assurance practitioner shall perform assurance procedures to respond to assessed risks identified in paragraph37(b)(iii)to obtain limited or reasonable assurance to support the assurance practitioner’s conclusion.

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Theassurance practitioner shall design and perform additional procedures,the nature, timing and extentof whichare responsive to the risks of material deficiency in the design, misstatementin the description, deficiency in the implementation or deviation in operating effectiveness of controls, having regard to the level of assurancerequired, reasonable or limited, as appropriate.

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The assurance practitioner shall treat those assessed risks of control objectives not being achieved due to fraud as significant risks and accordingly, the assurance practitioner shall design and perform further assurance procedures,oncontrols designed tomitigate suchrisks,whose nature, timing and extent are responsiveto those assessed risks, having regard to the level of assurancerequired, reasonable or limited, as appropriate.

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