In using the work of a specialist, an understanding should exist among the auditor, the client, and the specialist as to the nature of the specialist’s work. The documentation of this understanding should cover

a. A statement that the specialist assumes no responsibility to update the specialist’s report for future events or circumstances.

b. The conditions under which a division of responsibility may be necessary.

c. The specialist’s understanding of the auditor’s corroborative use of the specialist’s findings.

d. The auditor’s disclaimer as to whether the specialist’s findings corroborate the representations in the financial statements.