SA 600- Using the Work of Another Auditor

SA 200 Reference

Despite delegating work or using work of other auditors/experts, the auditor is responsible for the final opinion. Can rely on others' work, provided he exercises adequate skill and care and is not aware of any reason to believe that he should not have so relied. (na rely karne ka koi reason nahi tha)

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Basics

* Applicable in situations 

* where an auditor 

* reporting on the financial information of an entity, 

* uses the work of another auditor 

* On  the financial information of components

* included in the financial information of the entity.

* This Standard does not deal with those instances where two or more auditors are appointed as joint auditors nor does it deal with the auditor’s relationship with a predecessor auditor.

* When the principal auditor concludes that the financial information of a component is immaterial, the procedures outlined in this standard do not apply.

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