DefinitionsDefinitions

Definitions

1. For purposes of the Australian Auditing Standards, the following terms have the meanings attributed below:
   1. Auditor’s expert means an individual or organisation possessing expertise in a field other than accounting or auditing, whose work in that field is used by the auditor to assist the auditor in obtaining sufficient appropriate audit evidence. An auditor’s expert may be either an auditor’s internal expert (who is a partner[3] or staff, including temporary staff, of the auditor’s firm or a network firm), or an auditor’s external expert. (Ref: Para. A1-A3)

Aus 6.1 “Partner” and “firm” should be read as referring to their public sector equivalents where relevant.

1. Expertise means skills, knowledge and experience in a particular field.
2. Management’s expert means an individual or organisation possessing expertise in a field other than accounting or auditing, whose work in that field is used by the entity to assist the entity in preparing the financial report.