The group auditors decide not to refer to the audit of component auditors who audited a subsidiary of the group financial statements.After making inquiries about the component auditors' professional reputation and independence,the group auditor most likely would
A) Document in the engagement letter that the group auditors assume no responsibility for the component auditors' work.
B) Obtain written permission from the component auditors to omit the reference in the group auditors' report.
C) Contact the component auditors' and review the audit programs and working papers pertaining to the subsidiary.
D) Add an additional paragraph to the group auditors' report indicating that the subsidiary's financial statements are not material to the consolidated financial statements.
Correct Answer:
Verified
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