Question
A group auditor has decided to use the work of a component auditor who audited a nonissuer client's subsidiary. This decision can be justified if,
A group auditor has decided to use the work of a component auditor who audited a nonissuer client's subsidiary. This decision can be justified if, among other requirements, the group auditor
Question 12 options:
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Cannot obtain sufficient appropriate audit evidence without using the work of the component auditor.
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Is satisfied as to the component auditor's independence and competence.
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Issues an unmodified opinion on the consolidated financial statements.
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Can obtain sufficient appropriate audit evidence without using the work of the component auditor.
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Learns that the component auditor issued an unmodified opinion on the subsidiary's financial statements
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