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Group Audit - Coggle Diagram

- - - - Detailed audit work
        
        Questionnaires
        
        Review of component auditors’ working papers
- - - - If acting as the auditor of the group financial statements
        
        To communicate clearly with component auditors about the
        scope and timing of their work
        
        To obtain sufficient appropriate audit evidence regarding the
        financial information of the components
      - To determine whether to act as the auditor of the group
  - - - The group auditor should establish that it is appropriate to act as group
        auditor
      - The group auditor should gather sufficient and appropriate evidence in
        order to reach an opinion
    - - Stage one – gathering evidence on the components
      - Stage two – auditing the consolidation
      - Stage three – issuing the group audit opinion