- 4 Marks
AA – Nov 2020 – L2 – Q3a – Audit and Assurance Evidence
Name two auditor’s experts for pension funds and property valuation.
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:
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)
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
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