Reference to an expert in the Auditor's Report

When issuing an unmodified auditors report, the auditor should not refer to the work of the expert.  This is because such a reference might be misunderstood to be a qualification of the auditor's opinion or a division of responsibility neither of which is intended.

Occasionally the auditor may feel that even though he is expressing an unqualified opinion it may benefit the reader of the accounts if he refers to the work of the expert then the auditor must obtain the permission of the specialist.  If permission is refused and the auditor believes such a reference is necessary he should seek legal advice.

Posted Date: 1/24/2013 7:39:28 AM | Location : United States

Ask an Expert

Related Discussions:- Reference to expert in the auditor''s report, Assignment Help, Ask Question on Reference to expert in the auditor''s report, Get Answer, Expert's Help, Reference to expert in the auditor''s report Discussions

Write discussion on Reference to expert in the auditor''s report
Your posts are moderated

Write your message here..

Related Questions

Goodwill and fair value, Goodwill and Fair Value The main points the a... Goodwill and Fair Value The main points the auditor needs to verify for any goodwill arising in the accounting period are as follows: (i) Examine the procedure used to find

Group auditing and holding campnies, what a group auditing and holding camp... what a group auditing and holding campanies in details with exmple propurly

How is a hospitality firm valued, Firm valuation refers to the total value ... Firm valuation refers to the total value of a firm in the capital market. It is the stock price of a firm times its outstanding shares. Total value of a firm is also called market

Responsibilities of the auditor, Responsibilities of the Auditor The Au... Responsibilities of the Auditor The Auditor has no duty for the prevention and recognition of fraud and error though the annual audit might act as a restraint. As explained

Comparison of the negative and positive methods, Comparison of the Negative... Comparison of the Negative and Positive Methods Negative Method According to this method of circularisation, the customer is asked to communicate only when he does not ag

Computerized accounting practise, You are just appointed as the Trainee Acc... You are just appointed as the Trainee Accountant of the Compaq Computing Sdn Bhd - the newly established company. The manager is facing difficulties in maintaining the manual accou

Audit assurance, You are the auditor of ABC Company and the audit process i... You are the auditor of ABC Company and the audit process is almost complete. The audit report is due to be signed next week. However, the following additional information on two ma

Standard defines development and research, Standard Defines Development and... Standard Defines Development and Research The standard defines development and research as follows: (a) Research - planned and original investigation undertaken along with

Joint audit, Advantages and disadvantages Advantages and disadvantages

Who is wal-mart''s external auditor?, Wal-Mart Locate the 2009 Form 10-K fo... Wal-Mart Locate the 2009 Form 10-K for Wal-Mart in Appendix A and consider the following questions: 1. With respect to the report of the external auditors to "the Board of Directo