79 paragraphs found
The agreement between the auditor and an auditor’s external expert is often in the form of an engagement letter. Appendix 1 lists matters that the auditor may consider for inclusion in such an engagement letter, or in any other form of agreement with an …
When there is no written agreement between the auditor and the auditor’s expert, evidence of the agreement may be included in, for example: Planning memoranda, or related working papers such as the audit program. The policies and procedures of the …
It may often be relevant when agreeing on the nature, scope and objectives of the auditor’s expert’s work to include discussion of any relevant technical performance standards or other professional or industry requirements that the expert will …
Agreement on the respective roles and responsibilities of the auditor and the auditor’s expert may include: Whether the auditor or the auditor’s expert will perform detailed testing of source data. Consent for the auditor to discuss the auditor’s expert’s …
Agreement on the respective roles and responsibilities of the auditor and the auditor’s expert may also include agreement about access to, and retention of, each other’s working papers. When the auditor’s expert is a member of the engagement team, that …
Effective two-way communication facilitates the proper integration of the nature, timing and extent of the auditor’s expert’s procedures with other work on the audit, and appropriate modification of the auditor’s expert’s objectives during the course of …
It is necessary for the confidentiality provisions of relevant ethical requirements that apply to the auditor also to apply to the auditor’s expert. Additional requirements may be imposed by law or regulation. The entity may also have requested that …
The auditor’s evaluation of the auditor’s expert’s competence, capabilities and objectivity, the auditor’s familiarity with the auditor’s expert’s field of expertise, and the nature of the work performed by the auditor’s expert affect the nature, timing …
Specific procedures to evaluate the adequacy of the auditor’s expert’s work for the auditor’s purposes may include: Enquiries of the auditor’s expert. Reviewing the auditor’s expert’s working papers and reports. Corroborative procedures, such as: …
Relevant factors when evaluating the relevance and reasonableness of the findings or conclusions of the auditor’s expert, whether in a report or other form, may include whether they are: Presented in a manner that is consistent with any standards of the …