Auditor’s Experts – NBC Institute

AA – Nov 2020 – L2 – Q3b – Audit and Assurance Evidence

Outline factors to consider when appointing an auditor’s expert.

Question

Future Prospects Company Ltd is a multinational company operating in Ghana. Its core operations include management of pension funds and real estate development. In preparing the financial statements, they carry out an appraisal of the pension funds to assess its ability to pay benefits to contributors. Periodic revaluation of lands and buildings was also carried out.

Required:
Outline FOUR (4) factors you will consider when deciding to appoint an auditor’s expert.
(8 marks)

Answer

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Tags: Auditor's Experts, Evaluation Criteria, Expert Appointment, Expert Qualifications, Independence
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2020

AA – Nov 2020 – L2 – Q3a – Audit and Assurance Evidence

Name two auditor’s experts for pension funds and property valuation.

Question

Required:
In respect of valuation of pension funds, future payments to beneficiaries, and revaluation of properties, name two auditor’s experts on whom possible reliance will be placed during your audit of the company and the work each may perform.
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor's Experts, Expert Reliance, Pension Funds, Property Revaluation, Valuation
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2020

AA – Nov 2020 – L2 – Q3b – Audit and Assurance Evidence

Outline factors to consider when appointing an auditor’s expert.

Question

Required:
Outline FOUR (4) factors you will consider when deciding to appoint an auditor’s expert.
(8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor's Experts, Evaluation Criteria, Expert Appointment, Expert Qualifications, Independence
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2020

AA – Nov 2020 – L2 – Q3a – Audit and Assurance Evidence

Name two auditor’s experts for pension funds and property valuation.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor's Experts, Expert Reliance, Pension Funds, Property Revaluation, Valuation
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2020

Question Tag: Auditor's Experts

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AA – Nov 2020 – L2 – Q3b – Audit and Assurance Evidence

Outline factors to consider when appointing an auditor’s expert.

AA – Nov 2020 – L2 – Q3a – Audit and Assurance Evidence

Name two auditor’s experts for pension funds and property valuation.

AA – Nov 2020 – L2 – Q3b – Audit and Assurance Evidence

Outline factors to consider when appointing an auditor’s expert.

AA – Nov 2020 – L2 – Q3a – Audit and Assurance Evidence

Name two auditor’s experts for pension funds and property valuation.

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AA – Nov 2020 – L2 – Q3b – Audit and Assurance Evidence

Outline factors to consider when appointing an auditor’s expert.

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Name two auditor’s experts for pension funds and property valuation.

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AA – Nov 2020 – L2 – Q3b – Audit and Assurance Evidence

Outline factors to consider when appointing an auditor’s expert.

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AA – Nov 2020 – L2 – Q3a – Audit and Assurance Evidence

Name two auditor’s experts for pension funds and property valuation.

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