The Audit of Group Financial Statements.

• Position: International Auditing and Assurance Standards Board - Brief article

The International Auditing and Assurance Standards Board has opened for comment International Standard on Auditing No. 600, The Audit of Group Financial Statements. The draft deals with special considerations in the audit of group financial statements, specifically the involvement of other auditors. The draft proposes that a group auditor take sole responsibility for the audit opinion on the group financial...