CAF-8 · Chapter 12 · Question 9 of 10
When the external auditor decides to use the work of an expert, which of the following must be agreed upon in writing between the auditor and the expert?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) All of the above.
Explanation
ISA 620 requires a formal agreement (often an engagement letter) between the auditor and their expert covering scope, roles, reporting, and confidentiality.
More Reliance on Others MCQs
- Q1Under ISA 610, when can the external auditor use the work of the 'Internal Audit Function'?
- Q2Which of the following tasks is considered too high-risk for the external auditor to delegate to internal auditors as 'Direct Assistance'?
- Q3According to ISA 620, what is the definition of an 'Auditor's Expert'?
- Q4Before relying on the work of a specialized property valuer (Auditor's Expert), the auditor must evaluate:
- Q5What is the external auditor's responsibility for the final audit opinion when they have used the work of an expert or internal auditors?