106 paragraphs found
… information of the components, see paragraphs 26‑29 of this Auditing Standard. The group engagement team shall also … of the component auditors, see paragraphs 30‑31 of this Auditing Standard. …
For a component that is significant because it is likely to include significant risks of material misstatement of the group financial report due to its specific nature or circumstances, the group engagement team, or a component auditor on its behalf, …
The matters the group engagement team communicates to those charged with governance of the group may include those brought to the attention of the group engagement team by component auditors that the group engagement team judges to be significant to the …
In cooperating with the group engagement team, the component auditor(s), for example, would provide the group engagement team with access to relevant audit documentation if not prohibited by law or …
The auditor is required: [20] When establishing the overall audit strategy, to determine: Materiality for the financial report as a whole; and If, in the specific circumstances of the entity, there are particular classes of transactions, account …
Component materiality is determined for those components whose financial information will be audited or reviewed as part of the group audit in accordance with paragraphs 26 , 27(a) and 29 . Component materiality is used by the component auditor to …
… component auditor’s communication, see paragraph 41 of this Auditing Standard. The group engagement team shall: …
The group engagement team will not be able to obtain sufficient appropriate audit evidence if group management restricts the access of the group engagement team or a component auditor to the information of a significant …
Where law or regulation prohibits access to relevant parts of the audit documentation of the component auditor, the group engagement team may request the component auditor to overcome this by preparing a memorandum that covers the relevant …
The group engagement team cannot overcome the fact that a component auditor is not independent by being involved in the work of the component auditor or by performing additional risk assessment or further audit procedures on the financial information of …