ICAEW.com works better with JavaScript enabled.

This is exclusive content

Auditing groups - subsidiaries

Technical helpsheet issued by to help ICAEW members to understand their responsibilities regarding subsidiaries when auditing the group accounts and the implications on the auditor’s report where access to the financial information of subsidiaries is denied by the parent entity.

Issued: January 2014
Last reviewed: September 2019

This helpsheet has been issued by ICAEW’s Technical Advisory Service to help ICAEW members to understand their responsibilities regarding subsidiaries when auditing the group accounts and the implications on the auditor’s report where access to the financial information of subsidiaries is denied by the parent entity. In practice, where there are overseas subsidiaries in the group, these are the entities that tend to cause more difficulty for the group auditor.