Using the Work of Another Auditor

Leslie G. Campbell

Chapter 12 in International Auditing, 1985, pp 155-167 from Palgrave Macmillan

Abstract: Abstract Chapter 11 discussed the problems involved in transferring the UK Auditing Standards overseas. For the most part this discussion was framed in general terms without considering whether another firm of auditors was carrying out the overseas audit. However, in addition to the problems raised in Chapter 11, there are further problems which arise when another firm of auditors is used. These further problems are the subject of this chapter. This chapter therefore approaches the Auditing Standards transfer problem from a different angle to that used in Chapter 11. This chapter considers the issues involved in using the work of another auditor, concentrating on those areas that are highlighted when that auditor is overseas (that is, when the ‘other auditor’ is auditing an overseas subsidiary of the UK MNC). In this chapter the term ‘primary auditor’ is used to denote the auditor of the UK MNC (that is, the auditor responsible for the overall opinion on the group’s financial statements). The term ‘secondary auditor’ is used to denote the ‘other auditor’ (that is, the auditor of the MNC’s subsidiary).

Keywords: Parent Company; Quality Control Procedure; Audit Firm; International Audit; Professional Literature (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07144-9_12

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DOI: 10.1007/978-1-349-07144-9_12

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