Managing group audits effectively

Learn how to promote effective interaction among all participants in group audits.

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Group audits are complex engagements with multiple players on the audit, management and governance teams. Financial information may be prepared in different jurisdictions with different tax laws and may be audited by component auditors.

Audit Client Briefing: How Can Group Management Promote Effective Group Audits? will help you explain to clients that effective communication is critical to ensuring an effective group audit among all participants, including:

  • the group auditor
  • group management
  • those charged with governance
  • component management
  • component auditors

The document provides:

  • examples of interactions among key players
  • a diagram illustrating the interrelationships
  • a table listing relevant documents on specific matters that group management can provide to group auditors to improve audit effectiveness