IAASB Factsheet on Quality Management and Group Audits

15 December 2022

The International Auditing and Assurance Standards Board (IAASB) has published a new fact sheet on the interactions between International Standard on Audit (ISA) 220 (Revised), which addresses quality management at the engagement level, and ISA 600 on group audits. The aspects highlighted the Factsheet are:

· Revised Definition Of Engagement Team; and

· Leadership And Direction, Supervision, And Review Responsibilities.

The Factsheet will be particularly useful for group audits in which component auditors are involved.

You can download the Factsheet here.