Audit of Group Financial Statements

Objective

The objective of this project was to revise ISA 600, Using the Work of Another Auditor. The project resulted in the issue of ISA 600 (Revised and Redrafted), Special Considerations - Audits of Group Financial Statements (Including the Work of Component Auditors). The Basis for Conclusions provides background to the project, main comments received on the exposure draft, and the IAASB's conclusions regarding these comments in developing the final standard.