Audit Considerations: Groups
Category: Audit | Date: 24/04/2025 11:30 | Duration: 1hr | Tag: WEBIE2524 | Type: Webinar | Speaker: Lindsay Webber
ISA 600 has been recently updated and is effective for periods beginning on or after 15 December 2023 – which means it is applicable for group year ends 31 December 2024 and after. Groups are a popular choice for inspectors on monitoring visits and will be even more popular with the new standard. In this session Lindsay Webber will consider the role of the group auditor in the audit of a group of companies. We will consider the need for group audit instructions sent to component auditors, the audit documentation required on component auditors and their work and what to do when foreign components are not audited.
This session will cover:
• ISA 600 Special Considerations - Audits of Group Financial Statements (the updated standard)
• Audit evidence required
• Component audit instructions
• File structure for the consolidation
• More complex situations in groups – foreign subsidiaries, golden shares, etc.
By attending this session you will be better equipped to execute the role of group auditor.
This session will be of interest to auditors and will be presented at an advanced level.
Lindsay Webber