13 paragraphs found
The competence, capabilities and objectivity of an auditor’s expert are factors that significantly affect whether the work of the auditor’s expert will be adequate for the auditor’s purposes. Competence relates to the nature and level of expertise of the …
Other matters that may be relevant include: The relevance of the auditor’s expert’s competence to the matter for which that expert’s work will be used, including any areas of specialty within that expert’s field. For example, a particular actuary may …
When management has used a management’s expert in preparing the financial report, the auditor’s decision on whether to use an auditor’s expert may also be influenced by such factors as: The nature, scope and objectives of the management’s expert’s work. …
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 …
Matters relevant to evaluating the competence, capabilities and objectivity of the auditor’s expert include whether that expert’s work is subject to technical performance standards or other professional or industry requirements, for example, ethical …
It is necessary to apply judgement when considering how the requirements of this Auditing Standard are affected by the fact that an auditor’s expert may be either an individual or an organisation. For example, when evaluating the competence, capabilities …
The nature, timing and extent of audit procedures with respect to the requirements in paragraphs 9-13 of this Auditing Standard will vary depending on the circumstances. For example, the following factors may suggest the need for different or more …
Information regarding the competence, capabilities and objectivity of an auditor’s expert may come from a variety of sources, such as: Personal experience with previous work of that expert. Discussions with that expert. Discussions with other auditors or …
The auditor shall evaluate whether the auditor’s expert has the necessary competence, capabilities and objectivity for the auditor’s purposes. In the case of an auditor’s external expert, the evaluation of objectivity shall include enquiry regarding …
In many cases, distinguishing between expertise in accounting or auditing, and expertise in another field, will be straightforward, even where this involves a specialised area of accounting or auditing. For example, an individual with expertise in …