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Discuss the possible areas an auditor’s expert could be employed by the auditor to assist in...

Discuss the possible areas an auditor’s expert could be employed by the auditor to assist in obtaining the relevant audit evidence.

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The possible areas where the Auditor's Expert can be employed by the Auditor are:

a)In valuation areas like determining the value of land and buildings,Plant and machinery,intangible assets and so on.

b)In estimations of oil and gas reserves,loss due to natural disasters etc

c)In legal areas like examinations of contracts and other legal issues.

d)In actuarial areas like insurance contracts, employees benefit plans and so on.

e)In anlysis of other accounting information like foriegn branch accounts and tax records if necessary,Unusual tax compliance issues and many more.

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