Audit Considerations: Groups (Jul 25)
Category: Audit | Duration: 1hr | Tag: VODUK2547 | Type: Video | Course Level: Advanced | Speaker: Lindsay Webber | Date: 31/07/2025 10:00
Course Details
ISA 600 has been recently updated and is effective for periods beginning on or after 15 December 2023 – which means it is applicable for group year ends 31 December 2024 and after. Groups are a popular choice for inspectors on monitoring visits and will be even more popular with the new standard. In this session Lindsay Webber considers the role of the group auditor in the audit of a group of companies. We consider the need for group audit instructions sent to component auditors, the audit documentation required on component auditors and their work and what to do when foreign components are not audited.
This course covers:
• ISA 600 Special Considerations - Audits of Group Financial Statements (the updated standard)
• Audit evidence required
• Component audit instructions
• File structure for the consolidation
• More complex situations in groups – foreign subsidiaries, golden shares, etc.
CPD Course Speaker
OmniPro Strategic Solutions
Lindsay Webber
As a head of Strategic Solutions at OmniPro, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training and technical assistance in audit and financial reporting.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.