This Guidance Statement has been formulated by the Auditing and Assurance Standards Board (AUASB) to provide guidance to auditors when using the work of a management’s expert as audit evidence in relation to:

1. the audit of a financial report, in accordance with the Corporations Act 2001;
2. the audit of a financial report^[1] for any other purpose; and
3. the audit of other historical financial information.

This Guidance Statement provides guidance that may be considered and adapted as necessary in the circumstances, to non-historical information assurance engagements but is not a substitute for referring to the requirements and application material contained in ASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information.