Using the Work of an Expert in Auditing ( AAS 9)

All the Indian auditing and assurance standards are taken from International Standards of Auditing. So, almost title are same. Only section has changed. Same standard in IAS is 620. So, you can read same standard in IAS 620 or SA 620 of Australia.

As per AAS - 9, an auditor can use the work of any expert because it is necessary for completing the audit work. Before using the work of an expert, auditor should satisfy from the educational qualification and professional qualification of expert from recognized educational institute.

By asking few questions, auditor can find his ability and qualification. He need not to check his qualification's proof before using the work. If he appoints experts as employee part time or full time, he can check his qualification's proofs.

Following are the main reasons in which an expert's advice are needed. :

1. To calculate the value of asset. For example, company has the plat in Vivekanand Marg, New Delhi. Recognized property dealer of this area can tell the value of the plate. So, expert's advice is needed for auditing work of assets of companies.

2. To find current physical conditions of assets. When we use any assets, its value will decrease. Now, current time, what is the condition of assets. If expert has checked it and declared its good condition, we can write its better financial value. Otherwise it will be scrape. In the time of auditing, some useful assets may be written as scrape but after touching same asset, there conditions will be good. It means, there is something black in your pulse. Someone wants personal benefit by showing useful asset as scrape.

3. To estimate the quantity in stock. For example, minerals in stockpiles and petrol in the earth.

4. To get legal advice

5. Any type of audit evidence from expert.

So, to appoint auditor is important. It may be appointed by client or by auditor himself. If auditor's advice is so important in whole auditing process, it should be mentioned in the audit report. 


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Accounting Education: Using the Work of an Expert in Auditing ( AAS 9)
Using the Work of an Expert in Auditing ( AAS 9)
Accounting Education
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