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

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.

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Explain what sources the auditor partner could use to gather information about the competence, capabilities and objectivity of an expert.

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