Using the work of experts by management and auditors

Preparers often use experts (‘management’s experts’) in financial reporting, and, increasingly, for sustainability reporting. Auditors need to be familiar with auditing and ethical rules, including the latest revisions.

Report 799 ASIC’s oversight of financial reporting and audit 2023–24 described what auditors should do in using experts and engagement-team expertise.

Auditors have specific responsibilities for evaluating the work of experts, including their own, under ASA/ISA 500 Audit Evidence and ASA 600/ISA Using the Work of the Auditor’s Expert.

This session will explain auditing and ethical requirements when experts are used.

$360.00 Book GAAPinar

This session is presented by:

Colin Parker

Principal | GAAP Consulting

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board.

He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.

Jessica-Anne Saayman

Director | QA Assist

Jessica is a result driven, energetic Independent Consultant and Specialist in Assurance Consulting Services with more than 26 years’ proven experience in technical, ethics, quality and peer reviews, accounting, listed and unlisted, multinational corporation, public sector audits, including advisory opportunities such as merger and acquisitions and forensics.

Her industry exposure includes healthcare, steel, property, manufacturing, distribution, consumer business, short term insurance, Not-For-Profit and government/public sector; with cumulative experience at partner level (mid-tier and big 4) in external audit for more than a decade.