Communication with expert, Auditing

Communication with Expert

Whether the auditor intends to utilize the work of an expert then he must communicate along with the expert well in advance to confirm the terms of engagement and to cover other matters also such as:

  1. The objectives and scope of work;
  2. An outline of the particular items the auditor expects to be covered in the report;
  3. The intended use through the auditor of the expert's work including possible communication with third parties as to the expert's identity and extent of involvement.
  4. Extent of access to appropriate records and files through the expert.
  5. Explanation of the experts relationship along with the client;
  6. Confidentiality of the client's information and knowledge;
  7. The methods and assumptions intended to be used through the expert and how consistent as they are along with those used in the past;
  8. The recording of any further information utilize as audit evidence.
Posted Date: 1/24/2013 7:37:22 AM | Location : United States







Related Discussions:- Communication with expert, Assignment Help, Ask Question on Communication with expert, Get Answer, Expert's Help, Communication with expert Discussions

Write discussion on Communication with expert
Your posts are moderated
Related Questions
the availability of audit evidence is necessary but not sufficient condition for absolute reliance on the figure presented for audit

Issues for Finance Leases For the leases such have been categorize as finance leases, a model uses to be checked for the following issues: (i) Check technique used to split

Auditor's Procedures - Going Concern In forming a thought on the going to relate position of a company, the auditors have to: a) Examine the company, its plans for the futu

project report on absorption of overhead and its different method

Qualities for Final Accounts The qualities needed of the final accounts: the final accounts must possess specified qualities and these are: a) Utilize of acceptable account

IAS 40 Investment Properties Audit work common to all kinds of land and building will be used to establish ownership, existence and price. IAS 40 requires such companies may a


two advantages of an Audit to the shaire holders

Goodwill and Business Combinations - Intangible Assets Goodwill is the one of most strange of all assets since it cannot be differentiate from the business.  It cannot be sold

The modern approach allows one audit of an auditable entity with one comprehensive report. One additional advantage is that this approach assists in staff development and retention