IRBA Board Adopts ISA 600 (Revised), Special Considerations – Audits of Group Financial Statements

15 August 2022

ISA 600 (Revised) is a significant step forward in the efforts to enhance the consistent performance of quality group audit engagements; and it also supports the IRBA’s strategy for renewed confidence and trust in the auditing profession.

ISA 600 (Revised) introduces a robust risk-based approach to planning and performing a group audit. The approach focuses the group auditor’s attention and work effort on identifying and assessing the risks of material misstatement of the group financial statements, as well as designing and performing further audit procedures to respond to those assessed risks. It also recognises that component auditors can be, and often are, involved in all phases of the group audit. The changes in the standard build on other recent IAASB revisions, such as those to the Quality Management standards.

You can access the IRBA Communique here.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top


The only thing that interferes with my learning is my education. - Albert Einstein

Log In to Your SAIBA Account!

Please Login
Username can not be left blank.
Please enter valid data.
Password can not be left blank.
Please enter valid data.
Please enter at least 1 characters.