How To Conduct A Proper Group Audit Engagement

Get both practical and insightful perspectives on how an auditor can properly conduct a group audit engagement under AICPA Standard AU-C 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors). You’ll learn the key responsibilities of being the group auditor and component auditor and the strategies to use when performing such engagements, which are essential for these types of audits. You’ll acquire the key requirements of AU-C 600 and a clearer understanding of what is needed to properly perform such engagements under Professional Standards.

Learning Objectives
  • Cite the key requirements of AU-C Section 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors),
  • Identify group audit strategies, calculation of group materiality and component materiality
  • Identify group auditor responsibilities when referring to component auditors’ reports in a group audit report with different financial reporting frameworks and auditing frameworks

Major Topics
  • Understanding a Component
  • Determining Whether You’re the Group Auditor
  • Understanding the Group
  • Group Materiality and Component Materiality
  • Component Auditors
  • Communications with Component Auditors
  • Communications with Management and Those Charged With Governance
  • Group Audit Documentation
  • Group Audit Reporting

Who Should Attend

Practitioners in public practice who conduct audits of privately-held entities that may have more than one component in their business

Fields of Study


General knowledge of AICPA AU-C 600

Business Learning Institute

CPE Credits


This course is available for your group as:


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