When other independent auditors are involved in the current audit of parts of the entity's business,the group auditors may issue a report that
A) Mentions the component auditors, describes the extent of the component auditors' work, and expresses an unqualified opinion.
B) Does not consider or evaluate the component auditors' work, but expresses an unqualified opinion in a standard report.
C) Places primary responsibility for the reporting on the component auditors.
D) Names the component auditors, describes their work, and presents only the group auditors' report.

Question

Quizplus · Accepted Answer

When other independent auditors are involved in the current audit of parts of the entity's business, the group auditors may issue a report that mentions the component auditors, describes the extent of the component auditors' work, and expresses an unqualified opinion. This approach ensures that the users of the financial statements are aware of the involvement of component auditors and the scope of their work, and that the group auditors take responsibility for the overall opinion.

When Other Independent Auditors Are Involved in the Current Audit