Page 136 - AAA Integrated Workbook STUDENT S18-J19

Chapter 93 4

Using the work of others

3.1 Using the work of an expert

In certain circumstances auditors may need to rely on the work of, or consult parties
not involved in the audit process.

This may be where they lack technical knowledge and skills to gather evidence.

Experts may be involved in, for example:

 Property valuations

 Work in progress

 Legal provisions

An auditor’s expert is an individual or organisation whose work is used
by the auditor to assist in obtaining sufficient appropriate audit
evidence.

A management’s expert is an individual or organisation whose work is
used by the entity to assist in the preparation of the financial
statements.

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