Audit alert on using the work of other auditors
12 Jul 2010
The US Public Company Accounting Oversight Board (PCAOB) has issued a Staff Audit Practice Alert prompted by observations in PCAOB inspections that "...some firms may be issuing audit reports based on the work of another firm, or by using the work of assistants engaged from outside of the firm, without complying with relevant PCAOB standards."
Staff Audit Practice Alert No. 6 Auditor Considerations Regarding Using the Work of Other Auditors and Engaging Assistants from Outside the Firm discusses PCAOB findings in two areas:
- Using the Work of Other Auditors
- Engaging Assistants from Outside the Firm
