Because of the requirements of Rule 201 of the AICPA's Code of Professional Conduct which state that auditors should "undertake only those professional services that the member or the member's firm can reasonably expect to be completed with professional competence," auditors are not normally permitted to consult with, or rely on the work of, outside specialists during an audit engagement.

Question

Quizplus · Accepted Answer

Auditors are permitted to consult with, or rely on the work of, outside specialists during an audit engagement when it is necessary to obtain expertise in a particular field. However, the auditor is still responsible for evaluating the adequacy and reliability of the specialist's work and for maintaining professional skepticism. This is noted in AU-C Section 501, Audit Evidence—Specific Considerations for Selected Items.

Because of the Requirements of Rule 201 of the AICPA's