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ASA 620 - Using the Work of an Auditor’s Expert - October 2009
Nature, Timing and Extent of Audit ProceNature, Timing and Extent of Audit Procedures
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Nature, Timing and Extent of Audit Procedures
- The nature, timing and extent of the auditor’s procedures with respect to the requirements in paragraphs 9-13 of this Auditing Standard will vary depending on the circumstances. In determining the nature, timing and extent of those procedures, the auditor shall consider matters including: (Ref: Para. A10)
- The nature of the matter to which that expert’s work relates;
- The risks of material misstatement in the matter to which that expert’s work relates;
- The significance of that expert’s work in the context of the audit;
- The auditor’s knowledge of and experience with previous work performed by that expert; and
- Whether that expert is subject to the auditor’s firm’s system of quality management. (Ref: Para. A11-A13)