X Co has an internal audit function. The external auditor has concluded that the internal audit function does not apply a systematic and disciplined approach to its work.How does this affect the extent to which the external auditor can rely on the work of the internal audit function?
A.
The external auditor must not use the work of the internal audit function.
B.
The external auditor can use the work of the internal audit function provided the individuals have been assessed as competent .
C.
The external auditor can use the work of the internal audit function provided the organisational status of the function supports its objectivity.
D.
The external auditor can use work performed by the internal audit function which relates to low risk areas of the external audit only .