Acca aa s21 Notes

September 2021 to June 2022 exams
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The following matters must be agreed, in writing, with the auditor's expert:
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Nature, scope and objectives of work
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Respective responsibilities
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Nature, scope and timing of communications
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That the expert observes confidentiality
The auditor must evaluate the adequacy of the expert's work including:
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Consistency with other evidence. For example, if a property valuer reported a decrease in the 
value of a client’s property portfolio, yet the newspapers were full of news about a property 
boom, the auditor should challenge the valuer’s results.
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Assumptions made. For example about future increases in property rentals that might affect the 
valuation of an investment property.
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Use and accuracy of source data. To value property the valuer must start with an up-to-date list 
of the properties the company owns.
WHEN YOU FINISHED THIS CHAPTER YOU SHOULD ATTEMPT THE 
ONLINE AA MCQ TEST
 
September 2021 to June 2022 exams
Watch our free ACCA AA lectures
105

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September 2021 to June 2022 exams
Watch our free ACCA AA lectures
106

---

Only on 
OpenTuition
you can find: Free ACCA notes 
•
Free ACCA lectures 
•
Free ACCA tests 
•
Free ACCA tutor support 
•
The largest ACCA community