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“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)?
Source: Kaplan study text; Ch7 Evidence
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.