Group Audits and Component Auditors

About this video lesson

Explore the audit of group financial statements: who's responsible for the group audit, how the group auditor decides where work is needed, how component auditors are evaluated, instructed and supervised, how materiality works across a group, and why the consolidation process needs its own attention. We'll scope the Voltana group, and see how assets on the other side of the world can be very hard to verify.