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Reference to an expert in auditor’s report
When issuing an unmodified auditor’s report, the auditor must 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 expert. If permission is refused and the auditor believes that such a reference is necessary he should seek legal advice.
General Verification Procedures - Audit Process 1. Get or prepare a schedule for each and every class of liability. Usually this would indicate the makeup of the liability a
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Examine consignment agreement s and contracts
Sufficiency of audit evidence The audit evidence should in total enable the auditor to form an opinion on the financial statements. Sufficiency is a measurement of the quantity
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Forms of evidence a) Observation: is usually witnessing internal control and book-keeping procedures. It includes attendance at wages pay out. Observation of stock-take, open
Communications to Regulatory and Enforcement Authorities The auditor’s professional responsibility to sustain the confidentiality of client information ordinarily prevents repo
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