Attending the course and successfully completing the post-assessment, will grant you
2.5 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
Web Based (Online)
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gillian@probetatraining.co.za
ISA 600 has been revised for audit engagements of group entities with financial year ends of December 2024 or later. Early adoption is permitted!
Group financial statement audits often leave auditors puzzling as to what their responsibilities are. Are you required to audit each component and then the group financial statements as a whole?
Audit firms sincerely want to avoid inefficiency through double-auditing, and in order to do that, we are here to help you build a sound basis of understanding relating to ISA 600 Audit of Group Financial Statements.
Session 8 will focus on:
o ISA 600 (revised 2024): Special Considerations - Audits of Group Financial Statements (Including the
Work of Component Auditors)
Fundamentally the session will focus on execution and the considerations thereto, with the view to:
• Simplifying the relevant standards
• Highlighting key elements and
• Providing action points
ISA 600 Group Audits will be simplified relative to the following aspects:
• Responsibility
• Overall Audit Strategy / Plan
• Understanding Group / Components
• Consolidation Process
• Communication with Component Auditors
• Evaluating Sufficiency and Appropriateness of Audit Evidence
Auditors
Audit managers
Audit partners
Engagement Quality Control Reviewers
