Group-wide controls
Group-wide controls are controls designed and operated across a group, such as common financial reporting policies or central monitoring of consolidation entries. The group auditor considers how those controls affect risks and audit responses, including whether component-level work is needed.
Worked example
A central team reviews intercompany reconciliations and consolidation adjustments across subsidiaries; the group auditor evaluates its design and implementation.
Common mistake
A group-wide policy does not by itself establish that the control operated effectively at every relevant component.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Supporting | September 2026–June 2027 |