Assessing an expert's report involves the auditor
A) setting the nature, timing, and extent of work to be completed by the expert.
B) assessing the consistency of information included in the expert's report with their understanding of the client.
C) evaluating the expert's qualifications as a member of a relevant professional body.
D) deciding that they do not have the expertise necessary to test and evaluate the accuracy of reported information.

Question

Quizplus · Accepted Answer

Assessing an expert's report involves the auditor assessing the consistency of information included in the expert's report with their understanding of the client. This helps in determining if the information provided in the report is reliable and accurate. While setting the nature, timing, and extent of work to be completed by the expert and evaluating the expert's qualifications are also important, they are not the primary focus of assessing the report itself. The option of deciding that they do not have the expertise necessary to test and evaluate the accuracy of reported information is not appropriate as it is the responsibility of the auditor to ensure that the information provided in the report is reliable.

Assessing an Expert's Report Involves the Auditor