For the purposes of this Auditing Standard, the following terms have the meanings attributed below: …

Component means an entity or business activity for which group or component management prepares financial information that should be included in the group financial report. (Ref: Para. …

Component auditor means an auditor who, at the request of the group engagement team, performs work on financial information related to a component for the group audit. (Ref: Para. …

Component management means management, or those charged with governance, responsible for the preparation of the financial information of a …

Component materiality means the materiality for a component determined by the group engagement team. …

Group means all the components whose financial information is included in the group financial report. A group always has more than one …

Group audit means the audit of a group financial report. …

Group audit opinion means the audit opinion on the group financial report. …

Group engagement partner means the partner or other person in the firm who is responsible for the group audit engagement and its performance, and for the auditor’s report on the group financial report that is issued on behalf of the firm. Where joint …

Group engagement team means partners, including the group engagement partner, and staff who establish the overall group audit strategy, communicate with component auditors, perform work on the consolidation process, and evaluate the conclusions drawn from …