CA Inter P5 · Chapter 4 · Question 13 of 14
The auditor of Ojas Infra Ltd. engages a valuer as an auditor's expert to value land. The auditor issues a qualified opinion relating partly to the land valuation and wishes to mention the expert. Under SA 620:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The auditor may refer to the expert's work if relevant to understanding the modification, but must indicate that the reference does not reduce the auditor's responsibility for the opinion
Explanation
SA 620 states that the auditor has sole responsibility for the opinion, which is not reduced by the use of an auditor's expert. In an unmodified report, the auditor shall not refer to the expert unless required by law or regulation. If reference is made because it is relevant to understanding a modification, the report must state that the reference does not reduce the auditor's responsibility.
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