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
Course Content
Module 01
Introduction and Overview
Module 02 · Step 1
Determine Need
Module 03 · Step 2
Assess Skills
Module 04 · Step 3
Agree on Scope
Module 05 · Step 4
Evaluate Adequacy of Work
Module 06 · Step 5
Conclude and Document
Module 07
Using the Work of Management’s Expert
Module 08
Common Pitfalls and How to Overcome Them
Module 09
Bringing It All Together
Module 10
Resources