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Wiley Practitioner's Guide to GAAS 2023, 2nd Edition
book

Wiley Practitioner's Guide to GAAS 2023, 2nd Edition

by Joanne M. Flood
April 2023
Intermediate to advanced content levelIntermediate to advanced
1056 pages
34h 59m
English
Wiley
Content preview from Wiley Practitioner's Guide to GAAS 2023, 2nd Edition

27AU-C 600 Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)

SCOPE

AU-C 600 applies whenever the audited financial statements include more than one component, including:

  • Combined financial statements of components under common control, or
  • Group financial statements.

AU-C 600 includes requirements and guidance related to:

  • Internal controls,
  • The consolidation process, and
  • Subsequent events.

Those performing the group audit engagement include:

  • Component auditors whose work the group auditor assumes responsibility for,
  • But not component auditors whose audits the group auditor makes reference to.

The group audit engagement partner:

  • Must determine that those performing the group audit engagement collectively possess the appropriate competence, capabilities, and sufficient time.
  • Is responsible ...
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Wiley Practitioner's Guide to GAAS 2022

Wiley Practitioner's Guide to GAAS 2022

Joanne M. Flood

Publisher Resources

ISBN: 9781394152704Purchase Link