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competence of a Management/auditor appointed expert

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › competence of a Management/auditor appointed expert

  • This topic has 2 replies, 2 voices, and was last updated 4 years ago by Kim Smith.
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  • July 1, 2021 at 4:22 am #626757
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    “Information regarding the competence, capability and objectivity on an expert
    may come from a variety of sources, including-The audit firm’s quality control procedures.”

    ma’am could you explain how the audit firm’s quality control procedures help it to determine the competence of an expert(management’s/auditor’s expert)?

    July 1, 2021 at 6:24 am #626763
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    Source: Kaplan study text; Ch7 Evidence

    July 1, 2021 at 7:54 am #626772
    Kim Smith
    Keymaster
    • Topics: 134
    • Replies: 8304
    • ☆☆☆☆☆

    It would only be relevant to the auditor’s expert – e.g. the audit firm will have QC policies over recruitment – so that only experts with suitable qualifications and members of relevant professional bodies and appropriate experience (confirmed by taking up references) are recruited.

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