ISA 600 has been revised for audit engagements of group entities with financial year ends of December 2024 or later.
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.
Fundamentally the session will focus on:
ISA 600 Group Audits will be simplified relative to the following aspects:
To make the standard practical, audit regulator inspection findings will be explored or case studies, where possible
