Select the three factors that affect our involvement in the work of a component auditor. The identified significant risks of material misstatement of the group financial statements A concern about the independence of the component auditor Our understanding of the component auditor The significance of the component where a component auditor is performing work Select the two indicators that make a component significant to a group. A component is the parent company A component is likely to include significant risks given its specific nature or circumstances A component is individually financially significant A component is an equity investment.