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ISA 600

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › ISA 600

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  • November 1, 2023 at 7:58 pm #694286
    cjpark1992
    Participant
    • Topics: 6
    • Replies: 8
    • ☆

    Hi Kim,

    Could you please help me understand what this phrase means from ISA 600?
    In the section A156: The group engagement partner’s evaluation may include a consideration of whether corrected or uncorrected misstatements communicated by component auditors indicate a systemic issue that may affect other components.

    I am not quite sure what this phrase is trying to say :(.

    Thank you always for your help,
    CJ

    November 2, 2023 at 7:34 am #694295
    Kim Smith
    Keymaster
    • Topics: 130
    • Replies: 8108
    • ☆☆☆☆☆

    The audit of consolidated financial statements is not examinable in AA and ISA 600 is not an examinable document at this level (you’ll have to wait for AAA!)

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