Purpose of this paper examines audit procedures on group financial statement. Group audit planning, application of component auditor and consolidated procedures about group audit are introduced through literature review.
As the results of this study, ...
Purpose of this paper examines audit procedures on group financial statement. Group audit planning, application of component auditor and consolidated procedures about group audit are introduced through literature review.
As the results of this study, first, it is important to obtain audit evidence on overseas subsidiary company. Second, audit procedures on significant component and insignificant component are described respectively after dividing all component into two part. Third, in practical use of component auditors, their independence are made decision and communicated properly. Forth, group auditor performs test of group internal control and evaluates appropriation, completion and accuracy of consolidated procedures.