Groups - Preparing for ISA 600 (Revised)

Objectives

The revision to ISA (UK) 600 contains good news for auditors – but some challenges, too. The course will help firms to prepare for the revised Standard as well as focusing on common problems file reviewers raise on group audits.

Key topics

• Purpose of this course
• Scope of ISA (UK) 600
• Audit exemption and groups
• Issues for all group audits
• Preliminary issues
• Developing a group audit strategy and plan
• Approach to components – a significant shift
• Auditing the consolidation
• Group audits undertaken by one firm
• Effective ‘solo’ group auditing
• Documenting solo group audits
• Group audits with component auditors
• Scoping issues 23
• Coordinating your work
• Obtaining and reviewing component auditors’ work
• Other practical issues
• Appendices
  Appendix 1: Example Letter of Instruction
  Appendix 2: Example Component Confirmation

Who should attend

Partners and managers in practice involved in group audits.