108 paragraphs found
There is no requirement for the auditor to use an auditor’s expert to evaluate the work performed by a management’s expert, however, if management uses a management’s expert, the auditor determines whether to use the work of an auditor’s expert [8] . An …
While an auditor may have obtained knowledge of a field as described in paragraph 11 of this Guidance Statement, the auditor’s decision on whether to use an auditor’s expert may be influenced by factors included in ASA 620 [9] as well as: The nature and …
This Guidance Statement does not provide guidance on the auditor’s use of the work of an auditor’s expert. ASA 620 Using the Work of an Auditor’s Expert establishes mandatory requirements and provides application and other explanatory material on using …
For the purposes of this Guidance Statement the following items have the meanings attributed in the Australian Auditing Standards and reproduced …
Expertise means skills, knowledge and experience in a particular field [10] . …
External information source means an external individual or organisation that provides information that has been used by the entity in preparing the financial report, or that has been obtained by the auditor as audit evidence, when such information is …
Management’s expert means an individual or organisation possessing expertise in a field other than accounting or auditing, whose work in that field is used by the entity to assist the entity in preparing the financial report or other historical financial …
Relevant factors when evaluating the relevance and reasonableness of the findings or conclusions of the management’s expert from that expert’s report, may include whether they are: Consistent with the auditor’s understanding of the entity and its …
The auditor evaluates the appropriateness of the management’s expert’s work as audit evidence for the relevant assertion [34] . …
Considerations when evaluating the appropriateness of the management’s expert’s work may include considering the relevance and reliability of that work including: The results of the auditor’s procedures over the competence, capability and objectivity of …