When an audit report is issued for a group audit,the group engagement partner must decide whether to assume the responsibility for the work of the component auditors or whether to refer to their work in the audit report.

Question

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The group engagement partner must decide whether to assume the responsibility for the work of the component auditors or refer to their work in the audit report as per the requirements of the auditing standards.

When an Audit Report Is Issued for a Group Audit,the