Thus he must be obtained a sufficient understanding of the area of expertise to be enable to determine the scope of the work to be carried out and objectives of that expert's work for the auditor's purposes and examine the capability of the work.
3. Assessing the competence, capabilities and objectives of the auditor's expert.
Ken has to examine whether the expert has the necessary competence, capabilities and objectives for the auditor's purpose before contacting the expert. And he needs to assess the qualification of the expert and his reputation in the area of expert report and his experiences. For the external expert, the examination of objectivity will contain inquire concerning benefits and associations that may create a risk to that expert's objectivity. Hence, if the expert is the employee of the client and somehow if it is connected with the client, an auditor evaluates the expert's objectivity and its professional status, reputation and its past experience. Also the profile of the expert within their area and the extent of their knowledge in delivering the kind of thoughts and report looked for by the auditor are also assessed. And it is important that the expert's understanding and experience are necessary. .
4. Assessing the expert's report.
It's important that expert's report should be written as simple and comprehensible for the reader. The report should elaborate as a whole of the expert's opinion and summary report, which includes the data sources, estimation model has been used, calculation conducted. Also it is vital that the expert uses information must be trustworthy and effective. Then again Ken should assess the persistence of information included in the expert's report with their understanding of the client. After determined all the concerns of the above, Ken must also consider the choice of expert – are they appropriately qualified, experienced, independent, and do they have enough time to complete the work? Also Ken must choose the scope of the work to be carried out by the expert.
