Microsoft Word A033 2010 iaasb handbook isa 600

Evaluating the Sufficiency and Appropriateness of Audit Evidence Obtained 

Reviewing the Component Auditor’s Audit Documentation

 (Ref: Para. 42(b)) 

A61.  What parts of the audit documentation of the component auditor will be 

relevant to the group audit may vary depending on the circumstances. Often the 

focus is on audit documentation that is relevant to the significant risks of 

material misstatement of the group financial statements. The extent of the 

review may be affected by the fact that the component auditor’s audit 

documentation has been subjected to the component auditor’s firm’s review 

procedures. 

 

Sufficiency and Appropriateness of Audit Evidence 

(Ref: Para. 44–45)

 

A62.  If the group engagement team concludes that sufficient appropriate audit 

evidence on which to base the group audit opinion has not been obtained, the 

group engagement team may request the component auditor to perform 

additional procedures. If this is not feasible, the group engagement team may 

perform its own procedures on the financial information of the component.  

A63.  The group engagement partner’s evaluation of the aggregate effect of any 

misstatements (either identified by the group engagement team or 

communicated by component auditors) allows the group engagement partner to 

determine whether the group financial statements as a whole are materially 

misstated.