Henry Nowakowski, the auditor-in-charge of Vinacomin, a Vietnamese mining company, was reviewing the expert's report on the valuation of reserves for the world's largest bauxite deposits. The mining plans of Vinacomin have met with strong criticism from scientists, environmentalists, and the Vietnamese population.
The bauxite operations had required the use of local auditors of another international public accounting firm. The group engagement partner, Judith Wooden, met with Henry to discuss the reliance their firm would be placing on the component auditors. She was concerned that the component auditors conclusions were not based on adequate evidence. The financial statements being audited by the component auditors are a material part of the consolidated statements of Vinacomin.
Required:
a) What role does Henry have in assessing the expert's report on the bauxite deposits?
b) What role does Henry and his firm have before they make a decision to use the work of another auditor?
c) What is the engagement partner's role once her firm has assigned the work to a component auditor?

Question

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The Answer of Henry Nowakowski, the auditor-in-charge of Vinacomin, a Vietnamese mining company, was reviewing the expert's report on the valuation of reserves for the world's largest bauxite deposits. The mining plans of Vinacomin have met with strong criticism from scientists, environmentalists, and the Vietnamese population.
The bauxite operations had required the use of local auditors of another international public accounting firm. The group engagement partner, Judith Wooden, met with Henry to discuss the reliance their firm would be placing on the component auditors. She was concerned that the component auditors conclusions were not based on adequate evidence. The financial statements being audited by the component auditors are a material part of the consolidated statements of Vinacomin.
Required:
a) What role does Henry have in assessing the expert's report on the bauxite deposits?
b) What role does Henry and his firm have before they make a decision to use the work of another auditor?
c) What is the engagement partner's role once her firm has assigned the work to a component auditor?

Henry Nowakowski, the Auditor-In-Charge of Vinacomin, a Vietnamese Mining Company