Spruce Co

Generally 1 mark for each procedure:

– Consider whether expert has followed auditor’s written instructions
– Ensure expert’s findings consistent with other evidence obtained
– Ensure expert’s work considers events after the year end where necessary
– Compare expert’s results with those determined by management
– Reperform calculations
– Consider suitability of models used in the expert’s work
– Evaluate assumptions and ensure in line with auditor’s understanding
– Verify source data
– Agree figures and terms to supporting documentation

Maximum marks 5