Document ID: chunk:federal_register_of_legislation:F2023C01119:body:0:p17
Version: federal_register_of_legislation:F2023C01119
Segment Type: other
Provision Reference: 
Character Range: 47864–50935

example, ASA 520.[22]

A17.         Engagement teams include personnel and may also include other individuals who perform audit procedures who are from:

(a)                A network firm; or

(b)                A firm that is not a network firm, or another service provider.[23]

    For example, an individual from another firm may perform audit procedures on the financial information of a component in a group audit engagement, attend a physical inventory count or inspect physical fixed assets at a remote location.

A18.         Engagement teams may also include individuals from service delivery centres who perform audit procedures. For example, it may be determined that specific tasks that are repetitive or specialised in nature will be performed by a group of appropriately skilled personnel and the engagement team therefore includes such individuals. Service delivery centres may be established by the firm, the network, or by other firms, structures or organisations within the same network. For example, a centralised function may be used to facilitate external confirmation procedures.

A19.         Engagement teams may include individuals with expertise in a specialised area of accounting or auditing who perform audit procedures on the audit engagement, for example, individuals with expertise in accounting for income taxes, or in analysing complex information produced by automated tools and techniques for the purpose of identifying unusual or unexpected relationships. An individual is not a member of the engagement team if that individual's involvement with the engagement is limited to consultation. Consultations are addressed in paragraphs 35 and A99–A102.

A20.         If the audit engagement is subject to an engagement quality review, the engagement quality reviewer, and any other individuals performing the engagement quality review, are not members of the engagement team. Such individuals may be subject to specific independence requirements.

A21.         [Deleted by the AUASB. Refer Aus A21.1]

Aus A21.1 An auditor's external expert whose work is used in the engagement is not a member of the engagement team.[24] ASA 620 provides requirements and guidance for the auditor when using the work of an external expert. Compliance with these ASAs requires the auditor to perform audit procedures on the work of an auditor's expert.

A22.         [Deleted by the AUASB].

The Engagement Partner's Responsibilities (Ref: Para. 9, 12(d))

A23.         When this ASA expressly intends that a requirement or responsibility be fulfilled by the engagement partner, the engagement partner may need to obtain information from the firm or other members of the engagement team to fulfil the requirement (e.g., information to make the required decision or judgement). For example, the engagement partner is required to determine that members of the engagement team collectively have the appropriate competence and capabilities to perform the audit engagement. To make a judgement on whether the competence and capabilities of the engagement team