How To Conduct a Proper Group Audit Engagement
Date: Friday, September 18, 2026
Instructor: Salvatore Collemi
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Group audits present unique challenges that require heightened coordination, communication, and professional judgment. This course provides auditors with a practical and actionable guide to conducting group audit engagements in accordance with AU‑C Section 600, Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors).
Participants will gain a deeper understanding of the responsibilities of both group and component auditors, how to evaluate component significance, how to determine group and component materiality, and how to manage communications and documentation across multiple reporting units. The program emphasizes real‑world strategies for planning, supervising, and executing group audits efficiently while maintaining compliance with U.S. GAAS and ensuring audit quality across all components.
Who Should Attend
This course is designed for audit professionals responsible for planning, supervising, or performing group audit engagements.
Topics Covered
- Understanding components and determining whether you are the group auditor
- Planning a group audit and obtaining an understanding of the group and its environment
- Determining group materiality and component materiality
- Responsibilities of group auditors and component auditors
- Communicating with component auditors and evaluating their work
- Communicating with management and those charged with governance
- Documentation requirements for group audits under AU‑C 600
- Group audit reporting considerations, including different frameworks
- Best practices and strategies for efficient, high‑quality group audits
Learning Objectives
- Apply the key requirements of AU‑C Section 600 to group audit engagements
- Determine group auditor responsibilities when relying on or referring to the work of component auditors across varying financial reporting and auditing frameworks
- Identify and calculate group materiality and component materiality in accordance with professional standards
- Differentiate responsibilities of group auditors vs. component auditors throughout the audit lifecycle
- Develop effective communication strategies with component auditors, management, and those charged with governance
- Prepare appropriate documentation and reporting for group audit engagements, including considerations when components use different frameworks
Level
Intermediate
Instructional Method
Group: Internet-based
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
General knowledge of AICPA AU‑C 600
Advance Preparation
None
