SA 600
Using the work of another auditor
Meaning
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Principal Auditor (PA)- Statutory auditor of company/ firm, etc
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Another Auditor(AA)- Auditor of component of company/ firm, etc
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!omponent- "t includes #ranch, su#sidiary, di$ision, associate enterprise, %oint $enture etc of company/ firm, whose financial information is audited #y PA
Applica#ility & 'on-Applica#ility of this Standard
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here PA uses work of AA as regards a component
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'* applica#le in case of %oint auditors
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'* applica#le as regards relationship with predecessor auditor
Points to #e kept in mind when accepting appointment as PA
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Materiality of financial information of !ompany
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PA+s knowledge regarding #usiness of component
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isk of misstatement in financial information of component forwarded #y AA to PA
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Performance of additional procedure #y PA of component