Using the work of a specialist

Question 1

What reference to a specialist may an auditor make when expressing a modified opinion?

Answer 1

The auditor may reference the specialist, if doing so will facilitate readers’ understanding of the reason(s) for the modified opinion.

Question 2

List some examples of specialists.

Answer 2

Actuaries, appraisers, engineers, geologists, and so on

Question 3

Define the term “specialist.”

Answer 3

An individual or organization possessing expertise in a field other than accounting or auditing, whose work in that field is used by the auditor to assist the auditor in obtaining sufficient appropriate audit evidence

Question 4

What considerations should be made when an auditor is selecting a specialist?

Answer 4

The auditor should consider the specialist’s competence, capabilities, and objectivity (including professional credentials, reputation, and any relationship to the client).

Question 5

What reference to a specialist may an auditor make when expressing an unmodified opinion?

Answer 5

The auditor should NOT reference the specialist in an unmodified opinion.