If an expert is engaged to assist with the audit: (a) ASIC must be contacted and permission

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If an expert is engaged to assist with the audit:

(a) ASIC must be contacted and permission obtained before the expert starts work.

(b) it means the auditor should not have taken on the audit because they are not qualified.

(c) it means the auditor does not have the requisite skill and knowledge to assess the item.

(d) the auditor does not have to take responsibility for the fair statement of the item in the financial report.

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Auditing A Practical Approach

ISBN: 9780730364573

3rd Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

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