Specialist – NBC Institute

AAA – Nov 2011 – L3 – SAII – Q12 – Use of Experts in Audits

Definition of a specialist used by an auditor in forming an opinion.

Question

A person or firm possessing special skills, knowledge, and experience in a particular field other than accounting, which may be used by the auditor as a basis to form an opinion on the financial statements is referred to as …………………

Answer

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Tags: Audit Expert, Financial Statements, Opinion Basis, Specialist
Level: Level 3

Topic: Use of Experts in Audits
Series: NOV 2011

AAA – Nov 2011 – L3 – SA – Q19 – Use of Experts in Audits

Identifies an unnecessary factor when considering reliance on a specialist’s work in audits.

Question

All the following are necessary when the auditor is considering whether to rely on the work of a specialist EXCEPT:

A. The independence of the specialist
B. The experience of the specialist
C. The fees charged by the specialist
D. The specialist’s relationship with the client
E. Compatibility of the data in preparing the financial statement

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit evidence, Expert Reliance, Financial Reporting, Independence, Specialist
Level: Level 3

Topic: Use of Experts in Audits
Series: NOV 2011

AAA – Nov 2011 – L3 – SAII – Q12 – Use of Experts in Audits

Definition of a specialist used by an auditor in forming an opinion.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Expert, Financial Statements, Opinion Basis, Specialist
Level: Level 3

Topic: Use of Experts in Audits
Series: NOV 2011

AAA – Nov 2011 – L3 – SA – Q19 – Use of Experts in Audits

Identifies an unnecessary factor when considering reliance on a specialist’s work in audits.

Question

All the following are necessary when the auditor is considering whether to rely on the work of a specialist EXCEPT:

A. The independence of the specialist
B. The experience of the specialist
C. The fees charged by the specialist
D. The specialist’s relationship with the client
E. Compatibility of the data in preparing the financial statement

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit evidence, Expert Reliance, Financial Reporting, Independence, Specialist
Level: Level 3

Topic: Use of Experts in Audits
Series: NOV 2011

Question Tag: Specialist

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AAA – Nov 2011 – L3 – SAII – Q12 – Use of Experts in Audits

Definition of a specialist used by an auditor in forming an opinion.

AAA – Nov 2011 – L3 – SA – Q19 – Use of Experts in Audits

Identifies an unnecessary factor when considering reliance on a specialist’s work in audits.

AAA – Nov 2011 – L3 – SAII – Q12 – Use of Experts in Audits

Definition of a specialist used by an auditor in forming an opinion.

AAA – Nov 2011 – L3 – SA – Q19 – Use of Experts in Audits

Identifies an unnecessary factor when considering reliance on a specialist’s work in audits.

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Question Tag: Specialist

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AAA – Nov 2011 – L3 – SAII – Q12 – Use of Experts in Audits

Definition of a specialist used by an auditor in forming an opinion.

You're reporting an error for "AAA – Nov 2011 – L3 – SAII – Q12 – Use of Experts in Audits"

AAA – Nov 2011 – L3 – SA – Q19 – Use of Experts in Audits

Identifies an unnecessary factor when considering reliance on a specialist’s work in audits.

You're reporting an error for "AAA – Nov 2011 – L3 – SA – Q19 – Use of Experts in Audits"

AAA – Nov 2011 – L3 – SAII – Q12 – Use of Experts in Audits

Definition of a specialist used by an auditor in forming an opinion.

You're reporting an error for "AAA – Nov 2011 – L3 – SAII – Q12 – Use of Experts in Audits"

AAA – Nov 2011 – L3 – SA – Q19 – Use of Experts in Audits

Identifies an unnecessary factor when considering reliance on a specialist’s work in audits.

You're reporting an error for "AAA – Nov 2011 – L3 – SA – Q19 – Use of Experts in Audits"

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Customer

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