Group Audits: Who is Responsible for What?

Overview

Financial statement audits often involve audits of components of a larger entity. This course will focus on the responsibilities for both the group auditor and component auditor, including implementation of SAS No. 149 relate to group audits.

Highlights

• 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

Prerequisites

None

Designed For

Anyone who performs 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 

Preparation

Experience in basic audits

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.