Page 199 - Internal Auditing Standards

Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities Volume 1—Core Concepts

• Documentation of the work performed; and

• Review and reporting procedures.

Reporting
The external auditor has sole responsibility for the audit opinion expressed, and that responsibility is not
reduced by the external auditor’s use of the work of the internal auditors. Consequently, no reference would
be made in the external auditor’s report to the work of the internal auditors.

15.8 ISA 620—Using the Work of an Auditor’s Expert

Paragraph # ISA Objective(s)
620.5 Objectives of the auditor are:
(a) To determine whether to use the work of an auditor’s expert; and
(b) If using the work of an auditor’s expert, to determine whether that work is adequate for
the auditor’s purposes.

Exhibit 15.8-1

Is an auditor’s expert needed to obtain
audit evidence? If yes: &WBMVBUF BEFRVBDZ PG XPSL QFSGPSNFE CZ
Risk Assessment t *T FYQFSU TFMFDUFE DPNQFUFOU DBQBCMF Risk Response DPODMVTJPOT BTTVNQUJPOT VTFE BOE TPVSDFT
t 8IBU QSPDFEVSFT XJMM CF SFRVJSFE
UIF BVEJUPS T FYQFSU JODMVEJOH öOEJOHT
and objective?
PG EBUB
$BO XF VOEFSTUBOE UIF OBUVSF PG XPSL
%FUFSNJOF JG BOZ GVSUIFS BVEJU XPSL
QFSGPSNFE CZ UIF BVEJUPS T FYQFSU
SFRVJSFE
"HSFF PO UFSNT PG FOHBHFNFOU XJUI
UIF BVEJUPS T FYQFSU

Do not NaLe reference to XorL of an
Reporting Ias been Nodiöed
auditor’s expert unMess auditor's report
If insufficient appropriate audit evidence
Xas obtained Nodify tIe auditor’s report

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