Using the Work of an Auditor's Expert (1) Flashcards
1
Q
What may an expert be used to?
A
Assist with auditing the valuation of inventory, for example in valuing precuous stones or assessing the stage of completion of WIP
2
Q
What can the auditor’s expert be employed as?
A
To assist with areas other than inventory valuations
3
Q
Examples of areas other than inventory valuations?
A
Valuation of land and buildings or legal opinions concerning interpretations of agreements
Statutes and regulations
Outcome of litigation or disputes
4
Q
What must auditor not refer to?
A
Work of an auditor’s expoert in the auditor’s report containing an unmodified opinion
