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Reviewing the component auditor’s documentation of identified significant risks of material misstatement of the group financial statements. Such documentation may take the form of a memorandum which reflects the component auditor’s conclusion with regard to the identified significant risks.
maam the first line of this paragraph talks about significant RoMM “of group FSs”, isn’t this strange? I mean component auditor is only responsible for auditing the component and not the group, but still somehow this sentence gives misleading information, what do you think?
doubt 2: same sub-part
Evaluating the component auditor’s communication on matters relevant to the group audit and discuss any significant matters arising from that evaluation with the component auditor, component management or group management as appropriate.
ma’am the group auditor is going to evaluate the communication it had with component auditor or that which component auditor had with component/group management?
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