CA ANZ has provided feedback to the APESB on their exposure draft which proposes requirements of professional accountants when using the work of an external expert. 

CA ANZ was generally supportive of the recommendations, however concerns have been raised about the extent of the requirements required to assess an expert’s objectivity.  CAANZ have called on the APESB to consider the effect of the requirements on smaller market economics such as in Australia.  Further, CA ANZ has questioned the assumption that no safeguards exists for insignificant gaps in competency and capability which has resulted in a proposed prohibition in the requirements.