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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

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  • 1. 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