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transnational audit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › transnational audit

  • This topic has 1 reply, 2 voices, and was last updated 8 months ago by Kim Smith.
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  • October 20, 2021 at 6:54 am #638561
    Noah098
    • Topics: 936
    • Replies: 352
    • ☆☆☆☆☆

    ma’am if I define transnational audits in the following way then is it correct?

    transnational audits are audits of FSs of companies which rely for lending, investing or regulatory decisions on countries outside their home jurisdiction.

    and so maam when a parent company has subsidiaries in foreign countries(listed or private) then it will be considered a transnational audit for the audit firm responsible for auditing parent and its components, right?

    October 20, 2021 at 2:54 pm #638596
    Kim Smith
    Keymaster
    • Topics: 88
    • Replies: 6093
    • ☆☆☆☆☆

    Please see page 104 of the notes.

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