1. Does the external auditor need to sit privately with the internal auditor and see his IA plan and its IA report and verify all his findings?
2. Does the external auditor have a commitment and or obligation to verify his findings and corrective actions taken? Or simply look into his plans and its final report.
3. It’s well known that IA is not fully impartial and his IA report might not be a bit biased and or impacted by his senior management if he/she is not independently reporting to the highest authority?
4. Can the Internal audit out of transparency disclose any Nonconformities to the external auditor and or any thing that the external auditor himself can not find during his short visit?
Thanks in anticipation and appreciate your support.