Financial statement audits often involve audits of components of a larger entity. This course will focus on the responsibilities for both the group auditor and component auditor, including implementation of SAS No. 149 relate to group audits.
Learning Objectives
Recognize the extended professional responsibilities for an audit of group financial statements
List changes to group audits as a result of SAS No. 149
Major Topics
Responsibilities of the group audit engagement team, including the group engagement partner
Clarifying roles and responsibilities of component auditors and reference auditors in audits of group financial statements
Special considerations on audit planning and audit reporting in a group audit
