Identifying Group audits

The identification of group audits is a key planning activity in the audit. From there, assessment of the risk entailed in any component audits is an important consideration. This change may be relevant in terms of increased audit procedures as compared to prior years.   At a minimum, there needs to be analytical procedures performed by the group auditor even on those components deemed not significant.  http://journalofaccountancy.com/News/20149529.htm