Sikkerhed & Revision 2013 Samarbejde mellem intern revisor og ekstern revisor - og ISA 610 v/ Dorthe Tolborg Regional Chief Auditor, Codan Group og formand for IIA DK
RSA REPRESENTATION WORLD WIDE 300 years of heritage 17 million customers Approx 23,000 employees RSA
NUMBER 3 IN DK & SE AND GROWING IN NORWAY More than 3.600 employees in Denmark, Sweden and Norway combined 3 rd biggest insurance company in Sweden and Denmark More than 2 million customers
AGENDA 1. ISA 610 - Using the Work of Internal Auditors 2. FRC - Financial Reporting Council 3. Bekendtgørelse om revisionens gennemførelse i finansielle virksomheder m.v. samt finansielle koncerner - 24 4. Revisionsaftale mellem Codan Groups Eksterne og Interne revision 5. Personlige refleksioner 6. Udvalg nedsat mellem Danske Revisorer og IIA Danmark ISA 610 7. Spørgsmål og debat
ISA 610 (Revised 2013), Using the Work of Internal Auditors In March 2013 IAASB issued an updated version of ISA 610. (Effective for audits of financial statements for periods ending on or after December 15, 2013, except for material shaded in gray pertaining to the use of internal auditors to provide direct assistance, which is effective for audits of financial statements for periods ending on or after December 15, 2014) 5
ISA 610 (Revised 2013), Using the Work of Internal Auditors - scope This International Standard on Auditing (ISA) deals with the external auditor s responsibilities if using the work of internal auditors. This includes (a) using the work of the internal audit function in obtaining audit evidence and (b) using internal auditors to provide direct assistance under the direction, supervision and review of the external auditor.
FRC prohibits the use of internal audit staff on the external audit team
FRC prohibits the use of internal audit staff on the external audit team, cont. FRC proposed that when the final revised ISA (UK and Ireland) 610 is issued, the following supplementary paragraph will be included in the introductory section that describes the scope of the standard: 4-1. The use of internal auditors to provide direct assistance is prohibited in an audit conducted in accordance with ISAs (UK and Ireland). For a group audit this prohibition extends to the work of any component auditor which is relied upon by the group auditor, including for overseas components. Accordingly, the requirements and related application material in this ISA (UK and Ireland) relating to direct assistance are not applicable. - 0 - The FRC is setting an effective date for the prohibition of direct assistance for audits of financial statements for periods ending on or after 15 June 2014.
Bekendtgørelse om revisionens gennemførelse i finansielle virksomheder m.v. samt finansielle koncerner - 24 I virksomheder henholdsvis koncerner, der har en intern revision, skal revisionsarbejdet udføres i overensstemmelse med god revisorskik og i henhold til en revisionsaftale mellem den eksterne revision og revisionschefen.
Aftale mellem Codan Groups Eksterne og Interne revision regulerer følgende The main purpose: Independent and objective assessment as to whether adequate and effective risk management, governance and internal control procedures are in place and functioning effectively Audit plans Quarterly Opinion External Audit rely on the work performed by Internal Audit
Aftale mellem Codan Groups Eksterne og Interne revision regulerer følgende, fortsat Quarterly reassessment of the audit plan Quarterly meetings between External and Internal Audit External and Internal Audit's planning and execution jointly coordinated Changes in Internal Audit's staff and/or that the business will mean that dividing of the audit tasks should be amended
Aftale mellem Codan Groups Eksterne og Interne revision regulerer følgende, fortsat Audit plan, detailed audit plans and instructions for each audit area The audit work performed to be documented to form the basis of the quality control External Audit have access to Internal Audit s working papers Internal Audit can get access to External audit's working papers Follow-up meetings between External and Internal Audit to determine how the planned audit proceeds External and Internal Audit to keep each other mutually informed of matters of importance to the audit of which they shall become aware, including performance of other tasks than the statutory audit Auditing Guidelines shall be updated yearly
Personlige refleksioner om samarbejde mellem Ekstern og Intern revision One size does not fit all! Kompetencer hos Intern revision vil ofte komplementere kompetencer hos Ekstern revision Kompetencer hos Ekstern revision vil ofte komplementere kompetencer hos Intern revision Et stærk samarbejde, hvor Ekstern og Intern revision næsten fremstår som ét team reducerer risikoen for at forretningen bliver unødigt belastet af den revision, som skal gennemføres Åben dialog om udfordringer mv. fremmer et godt samarbejde jo mere jeg selv investerer i at optimere samarbejdet jo mere antager jeg, at jeg selv får ud af det Direkte assistance pros and cons Hvordan rapporterer Ekstern revision
Udvalg nedsat mellem FSR - danske revisorer og IIA Danmark ISA 610 Formål med etablering af udvalget var at få drøftet og etableret guidance til ekstern og intern revision om, hvorledes implementering og anvendelse af ISA 610 skal finde sted i praksis Forventning at udkast til output fra udvalgets arbejde forelægger snarligt til kommentering af begge foreninger før færdiggørelse
Tid til spørgsmål og debat