ASA 620 - Using the Work of an Auditor’s Expert - October 2009
Communications and ReportingCommunications and Reporting
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Communications and Reporting
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Methods and frequency of communications, including:
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How the auditor’s external expert’s findings or conclusions will be reported (for example, written report, oral report, ongoing input to the engagement team).
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Identification of specific persons within the engagement team who will liaise with the auditor’s external expert.
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When the auditor’s external expert will complete the work and report findings or conclusions to the auditor.
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The auditor’s external expert’s responsibility to communicate promptly any potential delay in completing the work, and any potential reservation or limitation on that expert’s findings or conclusions.
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The auditor’s external expert’s responsibility to communicate promptly instances in which the entity restricts that expert’s access to records, files, personnel or experts engaged by the entity.
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The auditor’s external expert’s responsibility to communicate to the auditor all information that expert believes may be relevant to the audit, including any changes in circumstances previously communicated.
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The auditor’s external expert’s responsibility to communicate circumstances that may create threats to that expert’s objectivity, and any relevant safeguards that may eliminate or reduce such threats to an acceptable level.