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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Significant component
Hi sir,
I jus have one doubt to clarify. On todays paper, there was a group audit question. And the significant component amount was 10% or 15%? I took it as 10% however, the component was 17% of the group so it was significant anyway. But does the 10% matter?
I doubt that you’ll lose a mark – surely the mark is for recognising that the component was significant and recognising, therefore, the additional auditor considerations when faced with a significant component
OK?