INTRODUCTION
One of the standards that saw significant changes when the Clarified Standards were issued is ISA 600 on the auditor’s responsibility for group financial statements, including considerations when working with components and component auditors. Many best practices in the past relating to group audits have now become explicit requirements as a result of the change to this standard. The 2023 revised ISA 600 now places enhanced responsibility on the group engagement team/partner; from accepting a group audit engagement including dealing with restrictions placed on the group auditor, group-wide risk assessment & planning, determination & scoping of components, obtaining sufficient & appropriate audit evidence and group audit documentation.