Document ID: chunk:federal_register_of_legislation:F2025C00096:body:0:p60
Version: federal_register_of_legislation:F2025C00096
Segment Type: other
Provision Reference: 
Character Range: 171766–174839

auditor in making this determination.

 2.       Component auditor audit documentation ordinarily need not be replicated in the group auditor's audit file.  However, the group auditor may decide to summarise, replicate or retain copies of certain component auditor documentation in the group auditor's audit file to supplement the description of a particular matter in communications from the component auditor, including the matters required to be communicated by this ASA.  Examples of such component auditor documentation may include:

           * A listing or summary of the significant judgements made by the component auditor, and the conclusions reached thereon, that are relevant to the group audit;

           * Matters that may need to be communicated to those charged with governance of the group; or

           * Matters that may be determined to be key audit matters to be communicated in the auditor's report on the group financial report.

 1.       When required by law or regulation, certain component auditor documentation may need to be included in the group auditor's audit file, for example, to respond to the request of a regulatory authority to review documentation related to work performed by a component auditor.

 2.       Policies or procedures established by the firm in accordance with the firm's system of quality management, or resources provided by the firm or a network, may assist the group auditor in documenting the direction and supervision of component auditors and the review of their work.  For example, an electronic audit tool may be used to facilitate communications between the group auditor and component auditors.  The electronic audit tool also may be used for audit documentation, including providing information about the reviewer(s) and the date(s) and extent of their review.

Additional Considerations When Access to Component Auditor Audit Documentation is Restricted (Ref: Para. 59)

 1.       Audit documentation for a group audit may present some additional complexities or challenges in certain circumstances.  This may be the case, for example, when law or regulation restrict the component auditor from providing documentation outside of its jurisdiction, or when war, civil unrest or outbreaks of disease restrict access to relevant component auditor audit documentation.

 2.       The group auditor may be able to overcome such restrictions by, for example:

           * Visiting the location of the component auditor, or meeting with the component auditor in a location different from where the component auditor is located, to review the component auditor's audit documentation;

           * Reviewing the relevant audit documentation remotely through the use of technology, when not prohibited by law or regulation;

           * Requesting the component auditor to prepare and provide a memorandum that addresses the relevant information and holding discussions with the component auditor, if necessary, to discuss the contents of the memorandum; or

           * Discussing with the component auditor