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 …

Group financial report means a financial report that includes the financial information of more than one component. The term “group financial report” also refers to combined financial reports aggregating the financial information prepared by components …

Group management means management, or those charged with governance, responsible for the preparation of the group financial report. …

Group wide controls means controls designed, implemented and maintained by group management over group financial reporting. …

Significant component means a component identified by the group engagement team (i) that is of individual financial significance to the group, or (ii) that, due to its specific nature or circumstances, is likely to include significant risks of material …

The quantity of evidence obtained by the assurance practitioner is a measure of the sufficiency of the evidence, whilst the quality of the evidence obtained is a measure of its appropriateness; that is, its relevance and its reliability. [83]   The extent …

The assurance practitioner’s reading of the other information does not infer any assurance on that information, as the assurance practitioner reads it only to establish if there are any material inconsistencies or misstatements which may impact the …

In considering the impact of an identified event(s), transaction(s), correction(s) or error(s), the assurance practitioner takes into account issues such as: the potential for such event(s), condition(s), transaction(s) or error(s) to materially affect …

If there are event(s), condition(s), transaction(s) or error(s) omitted from the document, which come to the assurance practitioner’s attention after: the document has been lodged with the appropriate regulatory body, if it is a public document; or the …