Groups - Audit Issues including ISA 600

Course details:

Content will include:

• Company law requirements for group audits 
• s479A CA 2006 – guarantees from parent undertaking to exempt a subsidiary from an audit 
• Planning issues – scope, materiality, components 
• The audit process – documentation, logistics, budgets, working papers and timetables 
• Auditing the consolidation - group-wide controls, consolidation adjustments, different accounting policies 
• Communication matters – including group audit instructions; the use of questionnaires and with those charged with governance 
• Components and other auditors – significance, competence and independence, review of working papers, and audit reports 
• Reporting issues 
• Other issues including subsequent events, representation letters, non-coterminous year ends, the use of shared services, and service centres