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Old MathJax webview The International Standards on Auditing (ISA) 600 applies to group audits and special considerations that involve component auditors. The group engagement partner
The International Standards on Auditing (ISA) 600 applies to group audits and special considerations that involve component auditors. The group engagement partner or principal auditor decides whether the group engagement team or a component auditor will perform the work on the financial information of a component auditor.
(a) Give FOUR (4) factors that need to be considered by principal auditor when planning to rely on the work of component auditor. (4m) (b) Discuss any TWO (2) additional reporting requirements made by principal auditor when it comes to consol all groups financial statements. (4m)
The International Standards on Auditing (ISA) 600 applies to group audits and special considerations that involve component auditors. The group engagement partner or principal auditor decides whether the group engagement team or a component auditor will perform the work on the financial information of a component auditor.
(a) Give FOUR (4) factors that need to be considered by principal auditor when planning to rely on the work of component auditor. (4m)
(b) Discuss any TWO (2) additional reporting requirements made by principal auditor when it comes to consol all groups financial statements. (4m)
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Horngrens Financial & Managerial Accounting
Authors: Tracie Miller Nobles, Brenda Mattison
7th Edition
0136516254, 9780136516255
