When Component Auditors Are Involved in the Audit of Group

question 3

Multiple Choice

When component auditors are involved in the audit of group financial statements,the group auditors are required to

• A)Consider the independence and professional reputation of the component auditors in deciding how to utilize their work.
• B)Identify the extent of component auditors' involvement if they choose not to rely on the component auditors' work.
• C)Identify the component auditors by name in their report to appropriate limit their liability for the component auditors' work.
• D)Disclaim an opinion on the portion of the financial statements examined by the component auditors.

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