Which of the following is not a specialist upon whose work an auditor may rely

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A is corrent because the professional standards relating to the work of a specialist do not apply to the work of an internal auditor.
B is incorrect because an engineer is an example of a specialist.
C is incorrect because an actuary is an example of a specialist.
D is incorrect because an appraiser is an example of a specialist.

8. As generally conceived, the "audit committee" of a publicly held company should be made up of

a] Representatives of the major equity interests [bonds, P/S, C/S].

b] The audit partner, the chief financial officer, the legal counsel, & at least 1 outsider.

c] Representatives from the client’s management, investors, suppliers, and customers.

d] Members of the board of directors who are not officers or employees.

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Which of the following is a specialist on whose work an auditor may rely?

Auditor's Expert – “An individual or organization 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 the auditor's internal expert or an external expert.

Which of the following is not the responsibility of the auditor?

The auditor has no responsibility to plan and perform the audit to obtain reasonable assurance that misstatements, whether caused by errors or fraud, that are not material to the financial statements are detected.

What is an auditor's specialist?

An individual or organization possessing ex- pertise in a field other than accounting or auditing, whose work. in that field is used by the auditor to assist the auditor in obtain- ing sufficient appropriate audit evidence.

What are the four duties of an auditor?

Typical duties include:.
collating, checking and analysing spreadsheet data..
examining company accounts and financial control systems..
gauging levels of financial risk within organisations..
checking that financial reports and records are accurate and reliable..
ensuring that assets are protected..

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