The group engagement team _______.
A)audits the parent company and is responsible for the overall audit strategy for all of the components
B)audits the subsidiary company and is responsible for the overall audit strategy for all of the components
C)has no responsibility for issuing an audit opinion
D)is responsible for the fairness of the financial statements

Question

Quizplus · Accepted Answer

The group engagement team audits the parent company and is responsible for the overall audit strategy for all of the components, including the direction, supervision, and performance of the group audit. They play a crucial role in ensuring the audit is conducted in accordance with the applicable standards and that the consolidated financial statements are fairly presented.

The Group Engagement Team _______