Changing international auditing standards: The revised ISA 600 as a response to complex group structures

The international auditing standard ISA 600 (Revised), “Special considerations for the audit of consolidated financial statements (including the work of component auditors)”, marks a significant development in the auditing of consolidated financial statements. Against the background of the increasing complexity of globally active corporate groups and heterogeneous audit teams, the revised version of the standard addresses in particular the changed role and responsibility of the group auditor.

The seminar is dedicated to an in-depth analysis of the new regulatory requirements, with a focus on the extended duties of the group auditor in the areas of planning, risk assessment and the involvement and monitoring of component auditors. Communication between the main and divisional auditors, especially in culturally, linguistically and regulatory heterogeneous teams in international groups, is a central subject of study.

In addition, students will deal with the risk-oriented audit strategy in the Group context. A particular focus here is on the identification and consideration of risky sub-areas and their consistent integration into the audit process. The aim is to deepen the understanding of a high-quality and internationally consistent group audit and to critically reflect on the practical effects of the revised ISA 600.

5 ECTS credits can be acquired.

You can register online on the following website: Online registration