Document ID: chunk:federal_register_of_legislation:F2025C00096:body:0:p58
Version: federal_register_of_legislation:F2025C00096
Segment Type: other
Provision Reference: 
Character Range: 166146–169256

be considered together as a component, and the planned involvement of component auditors.  This communication also helps to enable a mutual understanding of and discussion about the group and its environment (see paragraph 30) and areas, if any, in which those charged with governance may request the group auditor to undertake additional procedures.

Communication of Identified Deficiencies in Internal Control (Ref: Para. 58)

 1.       The group auditor is responsible for determining, on the basis of the audit work performed, whether one or more identified deficiencies, individually or in combination, constitute significant deficiencies.[93] The group auditor may request input from the component auditor about whether an identified deficiency or combination of deficiencies at the component is a significant deficiency in internal control.

Documentation (Ref: Para. 59)

 1.       Other ASAs contain specific documentation requirements that are intended to clarify the application of ASA 230 in the particular circumstances of those other ASAs.  The Appendix to ASA 230 lists other ASAs that contain specific documentation requirements and guidance.

 2.       The audit documentation for the group audit supports the group auditor's evaluation in accordance with paragraph 51 as to whether sufficient appropriate audit evidence has been obtained on which to base the group audit opinion.  Also see paragraph A154.

 3.       The audit documentation for the group audit comprises:

           * The documentation in the group auditor's file; and

           * The separate documentation in the respective component auditor files relating to the work performed by the component auditors for purposes of the group audit (i.e., component auditor audit documentation).

 1.       The final assembly and retention of the audit documentation for a group audit is subject to the policies or procedures of the group auditor's firm in accordance with ASQM 1.[94] The group auditor may provide specific instructions to component auditors regarding the assembly and retention of the documentation of work performed by them for purposes of the group audit.

Basis for the Group Auditor's Determination of Components (Ref: Para: 59(b))

 1.       The basis for the group auditor's determination of components may be documented in various ways, including, for example, documentation related to the fulfillment of the requirements in paragraphs 22, 33 and 57(a) of this ASA.

Basis for the Group Auditor's Determination of the Competence and Capabilities of Component Auditors (Ref: Para: 59(d))

 1.       ASQM 1[95] provides guidance on matters that the firm's policies or procedures may address regarding the competence and capabilities of the engagement team members.  Such policies or procedures may describe or provide guidance about how to document the determination of the competence and capabilities of the engagement team, including component auditors.  For example, the confirmation obtained from the component auditor in accordance with paragraph 24 may include information about the component auditor's