CAF-8 · Chapter 2 · Question 9 of 10
A company requires the auditor to rely on the work of a specialized valuer for its investment properties. What must the auditor evaluate before relying on this expert?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The competence, capabilities, and objectivity of the expert.
Explanation
Under ISA 500 and 620, when relying on the work of a management's or auditor's expert, the auditor must evaluate their competence, capabilities, and objectivity.
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