Group Audits – AASB
Date recorded:
At its meeting on March 8-9, 2021, the AASB provided input to the IAASB members from Canada on issues related to the IAASB’s project to revise ISA 600 (Revised), Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors). Key issues discussed included:
- revising the definition for “group financial statements”;
- developing an overall group audit strategy;
- communicating between group auditors and component auditors; and
- clarifying documentation requirements.
Review the Executive Summary on the AASB's Web site.
