Overview 2.0 Credits ONLINE Financial statement audits often involve audits of components of a larger entity. Focus on the responsibilities of the group auditor and component auditor, including implementing SAS No. 149 related to group audits.
Objectives • Recognize the extended professional responsibilities for an audit of group financial statements• List changes to group audits as a result of SAS No. 149
Major Topics • Responsibilities of the group audit engagement team, including the group engagement partner• Clarifying roles and responsibilities of component auditors and reference auditors in audits of group financial statements• Special considerations on audit planning and audit reporting in a group audit
