Communication with the expert, Auditing

Communication with the expert

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

a) The objectives and scope of work;

b) An outline of the particular items the auditor expects to be covered in the report;

c) The planned use by the auditor of the expert's work including possible communication with third parties as to the expert's identity and extent of involvement.

d) Extent of access to suitable records and files by the expert.

e) Explanation of the expert’s relationship with the client;

f) Confidentiality of the client's information;

g) The assumptions and methods intended to be used by the expert and how consistent they are with those used in the past;

h) The recording of any further information required as audit evidence.

Posted Date: 12/3/2012 6:41:18 AM | Location : United States







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

Write discussion on Communication with the expert
Your posts are moderated
Related Questions
Records kept by AUDITOR of procedures applied, tests performed, the information obtained and pertinent conclusions reached in the course of the AUDIT. (2) Any records developed by


Hi Dear, Could you please help me with online exam in Auditing Class !!

Valuation of Debtors Debtors are valued simple like other assets at the lower of cost and total realisable value. Valuation of debtors is actually a consideration of where the

This charter defines the mission, independence and objectivity, scope and responsibilities, authority, accountability and standards of the Internal Audit function. A charter i

Action if Management Refuses to provide Representations Whether management rejects to provide a representation which the auditor considers compulsory, this constitutes a scope

Please assist me with these assignments The auditors for Weston University are conducting their audit for the fiscal year ended December 31, 2011. Specifically, the audit firm is n

Types of Transaction - Related Party Fundamentally two types of transactions which arise between a related party and a company as: A. It is usual for members of a collectio

what is the role of a joint auditor

Why is studying Auditing different from studying other accounting topics?