Logistics challenges include:
- documentation – including the documentation of the review of component auditor work;
- logistics proper – getting the right people to the right places at the right time and considering issues such as language barriers, the need for travel and communications generally;
- timelines;
- budgets, including the cost of work on associates; and
- access to working papers and component auditor reports to group auditors.
Access Auditing groups: a practical guide (and supplementary material) which covers issues such as the need for translators, key dates for timelines, and guidance on accessing working papers.
Access your guide to the challenging aspects of group audits
PDF (1,256kb)
Auditing groups: a practical guide (and supplementary material) covers some of the more challenging aspects of group audits performed in accordance with International Standard on Auditing 600, Special considerations – audits of group financial statements (including the work of component auditors). The guide draws on the experience of auditors who have acted as both group and component auditors. It does not address all of the requirements of ISA 600 so is not a substitute for reading and being familiar with those requirements.
Download
