SAS 64 Section 543 Part of Audit Performed by Other Independent Auditors

This section provides guidance on the professional judgments the
independent auditor makes in deciding (a) whether he may serve as principal
auditor and use the work and reports of other independent auditors who
have audited the financial statements of one or more subsidiaries, divisions,
branches, components, or investments included in the financial statements presented
and (b) the form and content of the principal auditor’s report in these
circumstances.  Nothing in this section should be construed to require or imply
that an auditor, in deciding whether he may properly serve as principal
auditor without himself auditing particular subsidiaries, divisions, branches,
components, or investments of his client, should make that decision on any basis
other than his judgment regarding the professional considerations as discussed
in paragraphs .02 and .10; nor should an auditor state or imply that a report
that makes reference to another auditor is inferior in professional standing to a
report without such a reference. [As modified, September 1981, by the Auditing
Standards Board.]