Using the Work of an Auditor’s Expert

Overview

This course provides a practical and in-depth examination of the auditor’s responsibilities when using the work of an expert under CAS 602 and evaluating audit evidence obtained from management’s expert in accordance with CAS 500. Participants will have a clear understanding of how to effectively use experts in an audit, how to critically assess expert work, and how to support audit conclusions.

Through practical examples and real-life examples, participants will explore when the use of an auditor’s expert may be necessary, how to determine nature and scope of work and evaluate whether sufficient appropriate audit evidence has been obtained. Participants will also be able identify common pitfalls and how to overcome them.

Learning Objectives

By the end of the session, participants will be able to:

• Appreciate the requirements of CAS 620
• Identify when necessary to engage an expert
• Assess qualifications, competence and objectivity of an expert
• Evaluate adequacy of expert’s work and document conclusions
• Apply professional skepticism

Verifiable CPD

1.5 hour