ASA 600 - Special Considerations – Audits of a Group Financial Report (Including the Work of Component Auditors) - October 2009
COMPILATION DETAILSCOMPILATION DETAILS
Start here
Get a plain-English read of COMPILATION DETAILS
Turn the raw legal text into a practical explanation grounded in ASA 600 - Special Considerations – Audits of a Group Financial Report (Including the Work of Component Auditors) - October 2009.
The most recently compiled versions of Auditing Standards, original Standards and amending Standards (see Compilation Details) are available on the AUASB website: www.auasb.gov.au
Contact Details
Auditing and Assurance Standards BoardLevel 20, 500 Collins StreetMelbourne Victoria 3000AUSTRALIA
Phone: (03) 8080 7400E‑mail: enquiries@auasb.gov.auPostal Address:PO Box 204Collins Street WestMelbourne Victoria 8007AUSTRALIA
Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to the Technical Director, Auditing and Assurance Standards Board, PO Box 204, Collins Street West, Melbourne, Victoria 8007 or sent to enquiries@auasb.gov.au. Otherwise, no part of this Auditing Standard may be reproduced, stored or transmitted in any form or by any means without the prior written permission of the AUASB except as permitted by law.
This Auditing Standard reproduces substantial parts of the corresponding International Standard on Auditing issued by the International Auditing and Assurance Standards Board (IAASB) and published by the International Federation of Accountants (IFAC), in the manner described in the statement on Conformity with International Standards on Auditing. The AUASB acknowledges that IFAC is the owner of copyright in the International Standard on Auditing incorporated in this Auditing Standard throughout the world.
All existing rights in this material are reserved outside Australia. Reproduction outside Australia in unaltered form (retaining this notice) is permitted for personal and non‑commercial use only.
Further information and requests for authorisation to reproduce this Auditing Standard for commercial purposes outside Australia should be addressed to the Technical Director, Auditing and Assurance Standards Board, PO Box 204, Collins Street West, Melbourne, Victoria 8007 or sent to enquiries@auasb.gov.au. Any decision to approve a request may also require the agreement of IFAC.
Part COMPILATION DETAILS - ASA 600 - Special Considerations – Audits of a Group Financial Report (Including the Work of Component Auditors) - October 2009 - COMPILATION DETAILS | Zoe
ISSN 1833‑4393
CONTENTS
COMPILATION DETAILS
AUTHORITY STATEMENT
CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING
Communication with the Component Auditor...................................A57-A60
Evaluating the Sufficiency and Appropriateness of Audit Evidence Obtained............A61-A63
Communication with Group Management and Those Charged with Governance of the GroupA64-A66
Appendix 1: Illustrations of Auditors’ Reports with Modifications to the Opinion‑General Purpose Financial Reports
Appendix 2: Examples of Matters about Which the Group Engagement Team Obtains an Understanding
Appendix 3: Examples of Conditions or Events that May Indicate Risks of Material Misstatement of the Group Financial Report
Appendix 4: Examples of a Component Auditor’s Confirmations
Appendix 5: Required and Additional Matters Included in the Group Engagement Team’s Letter of Instruction
COMPILATION DETAILS
Auditing Standard ASA 600 Special Considerations‑Audits of a Group Financial Report (Including the Work of Component Auditors (as Amended)
This compilation takes into account amendments made up to and including 15 March 2023 and was prepared on 22 March 2023 by the Auditing and Assurance Standards Board (AUASB).
This compilation is not a separate Auditing Standard made by the AUASB. Instead, it is a representation of ASA 600 (October 2009) as amended by other Auditing Standards which are listed in the Table below.
Table of Standards
Standard
Date made
Operative Date
ASA 600 [A]
27 October 2009
Financial reporting periods commencing on or after 1 January 2010
ASA 2013‑2 [B]
11 November 2013
Financial reporting periods commencing on or after 1 January 2014
ASA 2015‑1 [C]
1 December 2015
Financial reporting periods ending on or after 15 December 2016
ASA 2020-2 [D]
30 June 2020
Financial reporting periods ending on or after 15 July 2020
ASA 2020-1 [E]
3 March 2020
Financial reporting periods commencing on or after 15 December 2021[*]
ASA 2021-1 [F]
10 March 2021
Financial reporting periods commencing on or after 15 December 2022
ASA 2023-1 [G]
15 March 2023
Financial reporting periods commencing on or after 1 January 2023
[A] Federal Register of Legislation – registration number F2009L04097, 18 November 2009
[B] Federal Register of Legislation – registration number F2013L01939, 14 November 2013
[C] Federal Register of Legislation – registration number F2015L02032, 16 December 2015
[D] Federal Register of Legislation – registration number F2020L00885, 7 July 2020
[E] Federal Register of Legislation – registration number F2020L00252, 13 March 2020
[F] Federal Register of Legislation – registration number F2021L00403, 1 April 2021
[G] Federal Register of Legislation – registration number F2023L00295, 21 March 2023
Table of Amendments
Paragraph affected
How affected
By … [paragraph]
A27
Amended
ASA 2013‑2 [83]
A35Footnote 20
Amended
ASA 2013‑2 [84]
A51
Amended
ASA 2013‑2 [85]
Appendix 2
Amended
ASA 2013‑2 [86] [87]
Appendix 2Footnote 30
Amended
ASA 2013‑2 [88]
Appendix 5
Amended
ASA 2013‑2 [89]
Appendix 5Footnote 31
Amended
ASA 2013‑2 [90]
Appendix 5
Addition
ASA 2013‑2 [91]
Appendix 5Footnote #
Addition
ASA 2013‑2 [92]
Appendix 5
Amended
ASA 2013‑2 [93]
Heading below paragraph 49(e)
Deleted
ASA 2015-1 [173]
Aus 49.1
Deleted
ASA 2015-1 [174]
Aus A65.1
Deleted
ASA 2015-1 [175]
Appendix 1
Amended
ASA 2015-1 [176]
Appendix 1
Amended
ASA 2020-2 [45] to [47]
17
Amended
ASA 2020-1 [192]
17Footnote 7
Amended
ASA 2020-1 [8]
A6
Amended
ASA 2020-1 [193]
A6Footnote 14
Deleted
ASA 2020-1 [193]
A23Footnote 17
Amended
ASA 2020-1 [194]
A28Footnote 19
Amended
ASA 2020-1 [195]
Appendix 2
Amended
ASA 2020-1 [196]
Appendix 5
Amended
ASA 2020-1 [197]
Renumbering of footnotes
Amended
ASA 2020-1 [198]
4
Amended
ASA 2021-1 [90]
4Footnote 1
Amended
ASA 2021-1 [91]
Renumbering of footnotes
Amended
ASA 2021-1 [92]
Appendix 1
Amended
ASA 2023-1 [25] to [26]
AUTHORITY STATEMENT
Auditing Standard ASA 600 Special Considerations‑Audits of a Group Financial Report (as amended to 15 March 2023) is set out in paragraphs Aus 0.1 to A66 and Appendices 1 to 5.
This Auditing Standard is to be read in conjunction with ASA 101 Preamble to AUASB Standards, which sets out how AUASB Standards are to be understood, interpreted and applied. This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.
Conformity with International Standards on Auditing
This Auditing Standard conforms with International Standard on Auditing ISA 600 Special Considerations‑Audits of Group Financial Statements issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard‑setting board of the International Federation of Accountants (IFAC).
Paragraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.
Compliance with this Auditing Standard enables compliance with ISA 600.