Component auditor – An auditor who performs audit work related to a component for purposes of the group audit. A component auditor is a part of the engagement team [10] for a group audit. (Ref: Para. A21–A23 …

Component management – Management responsible for a component. (Ref: Para. A24 ) …

Component performance materiality – An amount set by the group auditor to reduce aggregation risk to an appropriately low level for purposes of planning and performing audit procedures in relation to a …

Group – A reporting entity for which a group financial report is prepared. …

Group audit – The audit of a group financial report. …

Group auditor – The group engagement partner and members of the engagement team other than component auditors. The group auditor is responsible for: Establishing the overall group audit strategy and group audit plan; Directing and supervising component …

Group audit opinion – The audit opinion on the group financial report. …

Group engagement partner – The engagement partner [11] who is responsible for the group audit. (Ref: Para. A25 ) …

Group financial report – A financial report that includes the financial information of more than one entity or business unit through a consolidation process. For purposes of this ASA, a consolidation process includes: (Ref: Para. A26–A28 ) Consolidation, …

Group management – Management responsible for the preparation of the group financial report. …