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