Requirements of an assurance engagement. Reliance on experts.

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May 29, 2011 at 2:09 pm #48747
shifan
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please can you give some examples for an assurance engagement reliance on experts and i need some explanations…
May 29, 2011 at 7:36 pm #82634
Ken Garrett
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Eg valuing buildings. Auditors can’t be experts there, so they would get a real estate agent to value them.

Another example is assessing pension fund adequacy. Actuaries are used to give their assessment of that.
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