Question

When should a practitioner not rely on the work or advice of others

Answer 1

In following situations a practitioner should not rely on the work of others:

• The person on whom he want to rely is not independent in his own capacity and in relation to the company in the past or present, which means he is having his own interest in the organization such as a director, partner, any other position, or voting rights of the major portion in the organization any other ways as such
• If there are like of written assurance and communication, then we should not rely on it.
• The source data used to reach the conclusion or to make the report on which we want to rely shall be correct, once the source data is lacking the proper internal controls or the data used is not authorized or unmodified data as per the latest changes then its not a proper base to rely on this data.
• In order to rely on we should prepare a format of questionnaire and ensure the relevant laws and provisions and rules are complied and prepared as per such all, it should be controlled on a regular basis.
• The proper coordination and communication between the person on whom we are going to rely on should be maintained. If it doesn’t exit, then we should rely on such.