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Experts and representations

John Selwood, independent training consultant and member of the faculty’s Practitioner Services Committee, answers some practical questions from members.

Question - At the autumn faculty roadshow you said that an auditor cannot simply rely upon experts used by the client if they appear to be competent, capable and independent. This concerns me. For example, you said that just because a property was valued by a qualified surveyor, it did not mean that you could rely blindly on their valuation.