Auditing Standard ASA 600 Special Considerations—Audits of a Group Financial Report (Including the Work of Component Auditors)
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CONTENTS
COMPILATION DETAILS
AUTHORITY STATEMENT
CONFORMITY WITH INTERNATIONAL STANDARDS ON AUDITING
Paragraphs
Application......................................................Aus 0.1-Aus 0.2
Operative Date.........................................................Aus 0.3
Introduction
Scope of this Auditing Standard................................................1-11
Effective Date..............................................................12
Objectives.................................................................13
Definitions..............................................................14-15
Requirements
Leadership Responsibilities for Managing and Achieving Quality on a Group Audit............16
Acceptance and Continuance.................................................17-21
Overall Group Audit Strategy and Group Audit Plan................................22-29
Understanding the Group and Its Environment, the Applicable Financial Reporting Framework and the Group’s System of Internal Control 30-32
Identifying and Assessing the Risks of Material Misstatement.........................33-34
Materiality..............................................................35-36
Responding to the Assessed Risks of Material Misstatement...........................37-44
Evaluating the Component Auditor’s Communications and the Adequacy of Their Work......45-48
Subsequent Events.........................................................49-50
Evaluating the Sufficiency and Appropriateness of Audit Evidence Obtained...............51-52
Auditor’s Report.............................................................53
Communication with Group Management and Those Charged with Governance of the Group...54-58
Documentation..............................................................59
Application and Other Explanatory Material
Scope of this ASA.......................................................A1-A18
Definitions............................................................A19-A28
Leadership Responsibilities for Managing and Achieving Quality on a Group Audit.......A29-A31
Acceptance and Continuance...............................................A32-A46
Overall Group Audit Strategy and Group Audit Plan..............................A47-A87
Understanding the Group and Its Environment, the Applicable Financial Reporting Framework and the Group’s System of Internal Control A88-A107