Statement on auditing standards, 073

              Statement on
Auditing Standards
Issued by the Auditing Standards Board
AICPA
American Institute of Certified Public Accountants
July 1994
73
Using the Work of a Specialist
( Supersedes Statement on Auditing Standards No. 11, AICPA,
Professional Standards, vol. 1, AU sec. 336.)
Introduction and Applicability
1. The purpose of this Statement is to provide guidance to the audi­tor
who uses the work of a specialist in performing an audit in accordance
with generally accepted auditing standards. For purposes of this State­ment,
a specialist is a person ( or firm) possessing special skill or
knowledge in a particular field other than accounting or auditing. 1
2. Specialists to which this Statement applies include, but are not
limited to, actuaries, appraisers, engineers, environmental consultants,
and geologists. This Statement also applies to attorneys engaged as spe­cialists
in situations other than to provide services to a client concerning
litigation, claims, or assessments to which Statement on Auditing Stan­dards
( SAS) No. 12, Inquiry of a Client's Lawyer Concerning Litigation,
Claims, and Assessments ( AICPA, Professional Standards, vol. 1, AU sec.
1 In general, the auditors education, training, and experience enable him or her to be
knowledgeable concerning income tax matters and to be competent to assess their pre­sentation
in the financial statements.
Copyright © 1994 by
American Institute of Certified Public Accountants, Inc.,
New York, NY 10036- 8775
All rights reserved. Requests for permission to make copies
of any part of this work should be mailed to Permissions Department, AICPA,
Harborside Financial Center, 201 Plaza Three, Jersey City, NJ 07311- 3881.
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