The audit partner for Kumar Ltd is assessing the resources required to complete the audit. The partner
Question:
The audit partner for Kumar Ltd is assessing the resources required to complete the audit. The partner is aware that Kumar Ltd has a material balance in specialised machinery and decides that an expert will be needed to provide evidence for the valuation assertion for the machinery.
Required
Explain what sources the auditor partner could use to gather information about the competence, capabilities and objectivity of an expert.
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The audit partner for Kumar Ltd could use the following sources to gather information about the competence capabilities and objectivity of an expert t...View the full answer
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Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
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Related Book For 
Auditing A Practical Approach
ISBN: 9780730364573
3rd Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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