Sarah and Nikki are discussing the work of component auditors one day after class. Sarah mentions to Nikki that she doesn't really understand when the group engagement partner would decide to make reference to the component auditor. Which of the following represents Nikkis best response to this query

-the decison as the whether or not to refernece a component auditos work generally depends on whether the component audit would be considered material or not

-generally accepted auditing standards require the group engagement partner to always referencd the work of the component auditor in an audit report

-it is really a subjective decision on the part of the group engagement partner as to whether or not to include this. most times they dont draw attention to it for reasons of liability

-none