In the audit of depletion the auditors must often rely on the work of specialists.

Question

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Depletion involves complex calculations related to the use of natural resources, such as oil and gas reserves. Auditors may not possess the necessary technical expertise to evaluate these calculations, so they often rely on the work of specialists, such as geologists, engineers, or other industry experts. These specialists can help auditors to assess whether estimates of depletion rates are reasonable and whether the company's accounting policies are appropriate.

In the Audit of Depletion the Auditors Must Often Rely