Document ID: chunk:federal_register_of_legislation:F2025C00096:body:0:p31
Version: federal_register_of_legislation:F2025C00096
Segment Type: other
Provision Reference: 
Character Range: 88859–91958

and may need to be translated for use by the group auditor.

 2.          If the component auditor is unable to cooperate with the group auditor, the group auditor may:

           * Request the component auditor to provide its rationale.

           * Be able to take appropriate action to address the matter, including adjusting the nature of the work requested to be performed.  Alternatively, in accordance with paragraph 27, the group auditor may need to obtain sufficient appropriate audit evidence relating to the work to be performed at the component without involving the component auditor.

Relevant Ethical Requirements, Including Those Related to Independence (Ref: Para. 25)

 1.          When performing work at a component for a group audit engagement, the component auditor is subject to ethical requirements, including those related to independence, that are relevant to the group audit engagement.  Such requirements may be different from or in addition to those applying to the component auditor when performing an audit on the financial report of an entity or business unit that is part of the group for statutory, regulatory or other reasons in the component auditor's jurisdiction.

 2.          In making the component auditors aware of relevant ethical requirements, the group auditor may consider whether additional information or training for component auditors is necessary regarding the provisions of the ethical requirements that are relevant to the group audit engagement.

Engagement Resources (Ref: Para. 26)

 1.          ASA 220[54] requires the engagement partner to determine that sufficient and appropriate resources to perform the engagement are assigned or made available to the engagement team in a timely manner.  When sufficient or appropriate resources are not made available in relation to work to be performed by a component auditor, the group engagement partner may discuss the matter with the component auditor, group management or the group auditor's firm and may subsequently request the component auditor or the group auditor's firm to make sufficient and appropriate resources available.

Competence and capabilities of the component auditors

 1.          ASA 220[55] provides guidance regarding matters the engagement partner may take into consideration when determining the competence and capabilities of the engagement team.  This determination is particularly important in a group audit when the engagement team includes component auditors.  ASA 220[56] indicates that the firm's policies or procedures may require the firm or the engagement partner to take different actions from those applicable to personnel when obtaining an understanding of whether a component auditor from another firm has the appropriate competence and capabilities to perform the audit engagement.

 2.          Determining whether component auditors have the appropriate competence and capabilities is a matter of professional judgement and is influenced by the nature and circumstances of the group audit engagement.  This determination influences the nature, timing