If group auditors wish to use the work performed by component auditors, group auditors must be satisfied that component auditors are sufficiently competent and independent.
Group auditors must also have the consent of component auditors to:
The necessary consents can be arranged through group management, a group engagement letter or by various other means. If appropriate access to component auditors cannot be obtained, for whatever reasons, group auditors need to perform the necessary work for group audit purposes themselves, but reviewing the work of component auditors will almost always be preferable, and cheaper.
Continue reading
This content is not freely available. To access 'Review of component auditor work' you need to be one of the following:
ACA student
This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take
Audit and Assurance Faculty
Stay ahead of the curve with our expert guidance, trusted technical resources and practical insights.