Group Audits – IAASB

Date recorded:

At its meeting on December 7-11, 2020, the IAASB discussed respondents’ comments on the Exposure Draft of proposed ISA 600 (Revised) (ED-600) related to the scope and applicability of the proposed standard, the definition of component, the definition of engagement team, and the risk-based approach including the involvement of component auditors, as well as the ISA 600 Task Force’s initial views and recommendations on the way forward. In addition, the Board received a high-level overview of respondents’ comments related to other areas in ED-600. The ISA 600 Task Force will present issues related to this project at the March 2021 IAASB meeting.

Review the summary, including the podcast, on the IAASB's Web site.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.