Page 138 - AAA Integrated Workbook STUDENT S18-J19

Chapter 93 4

Relying on the work of a management expert

ISA 500 Audit Evidence provides guidance on what the auditor should consider
before relying on the work of management's expert. This guidance is very similar to
that given in ISA 620.

The auditor must:

 Evaluate the competence, capabilities and objectivity of that expert.

 Obtain an understanding of the work of that expert.

 Evaluate the appropriateness of that expert’s work as audit evidence for the
relevant assertion.

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