https://www.taxtmi.com/circulars?id=67830 Principal auditors in group audits bear primary responsibility for the audit opinion on consolidated and group financial statements and must obtain sufficient appropriate audit evidence about component financial information rather than mechanically relying on component auditors. SA 600 must be read with SA 200 and other related Standards and the Companies Act, 2013 obligations. The frequent use of the word 'should' in SA 600 does not render its procedures discretionary; such provisions are presumptively mandatory and must be performed or otherwise justified and documented by alternative procedures. en-us Thu, 03 Oct 2024 00:00:00 +0530 Fri, 04 Oct 2024 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67830 Principal auditors in group audits bear primary responsibility for the audit opinion on consolidated and group financial statements and must obtain sufficient appropriate audit evidence about component financial information rather than mechanically relying on component auditors. SA 600 must be read with SA 200 and other related Standards and the Companies Act, 2013 obligations. The frequent use of the word 'should' in SA 600 does not render its procedures discretionary; such provisions are presumptively mandatory and must be performed or otherwise justified and documented by alternative procedures. Circulars Companies Law Thu, 03 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67830