CTHIn ForceLegislation
Auditing Standard ASA 600 Special Considerations—Audits of a Group Financial Report (Including the Work of Component Auditors)
Leadership Responsibilities for ManagingLeadership Responsibilities for Managing and Achieving Quality on a Group Audit
Start here
Get a plain-English read of Leadership Responsibilities for Managing
Turn the raw legal text into a practical explanation grounded in Auditing Standard ASA 600 Special Considerations—Audits of a Group Financial Report (Including the Work of Component Auditors).
Leadership Responsibilities for Managing and Achieving Quality on a Group Audit
- In applying ASA 220,[13] the group engagement partner is required to take overall responsibility for managing and achieving quality on the group audit engagement. In doing so, the group engagement partner shall: (Ref: Para. A29–A30)
- Take responsibility for creating an environment for the group audit engagement that emphasises the expected behaviour of engagement team members. (Ref: Para. A31)
- Be sufficiently and appropriately involved throughout the group audit engagement, including in the work of component auditors, such that the group engagement partner has the basis for determining whether the significant judgements made, and the conclusions reached, are appropriate given the nature and circumstances of the group audit engagement.