Group engagement team
The group engagement team directs, supervises and reviews the group audit and retains responsibility for the group auditor’s opinion. It determines how component auditors will be involved, communicates the required work, and evaluates whether sufficient appropriate evidence has been obtained for the group financial statements.
Worked example
The group team discusses risks with a component auditor and reviews the component work on a significant valuation.
Common mistake
Using a component auditor does not transfer responsibility for the group audit opinion away from the group engagement partner.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Direct | September 2026–June 2027 |