Group audit forms
The XXX.600 series forms included in the CPA Canada PEG practice aids contain additional requirements related to group audits. Many of these forms should be completed alongside their corresponding audit forms (for example, Form 410.600 should be completed in addition to Form 410). To streamline the workflow, the Caseware® PEG Audit template has, where relevant, combined group audit forms with their corresponding single entity forms. The 400/400-1 Optimiser checklist includes a question on group audits, which tailors the engagement file by removing documents and procedures that are not relevant.
Below is a list of CPA Canada forms and corresponding forms in PEG Audit that include group audit requirements.
|
CPA Canada Form |
CWI PEG Audit Form |
||
|---|---|---|---|
|
300.600 |
Group audit program - Concluding and reporting (incremental) |
300.600 |
Group audit program - Concluding and reporting (Core) |
|
335.600 |
Group audit form - Component performance materiality revisions (supplemental) |
335-1.600 |
Group audit program - Component performance materiality revisions (Core) |
|
400.600 |
Group audit program - Planning (incremental) |
405.600 |
Group audit program - Planning (Core) |
|
410.600 |
Group audit program - Terms of engagement (Supplemental) |
410 |
New or existing engagement - Acceptance/Continuance (Core) |
|
415.600 |
Group audit program - Using component auditors (Incremental) |
425.600 |
Group audit program - Using component auditors (Core) |
|
420.600 |
Group audit program - Component materiality (Supplemental) |
420.600 |
Group audit program - Component performance materiality (Core) |
|
510.600 |
Group audit program - Identifying risk through understanding the group (Supplemental) |
510/510 NFP |
Identifying risk through understanding the entity (Core) |
|
511.600 |
Group audit program - Understanding the group IT environment (Supplemental) |
511/511-1 |
Understanding the IT environment (Core) |
|
535.600 |
Group audit program - Understanding the group information system and communication (Supplemental) |
535/535-1 |
Understanding the information system and communication (Core) / Understanding business process (Core) |
|
590.600 |
Group audit program - Engagement scoping - Classes of transactions, account balances and disclosures (Replacement) |
590.600 |
Group audit program - Engagement scoping components (Core) |
|
600.600 |
Group audit program - Evaluating component auditors and their work (Incremental) |
600.600 |
Group audit program - Evaluating component auditors and their work (Core) |
|
650.600 |
Group audit program - Subsequent events (Replacement) |
650 |
Subsequent events (Core) |
|
AL2.1.600 |
Group audit program - Letter to a component auditor |
AL2.1 |
Letter to a component auditor |
|
AL2.2.600 |
Group audit program - Instructions for a component auditor and form of acknowledgement |
AL2.2 |
Instructions for a component auditor and form of acknowledgement |
|
AL3.1.600 |
Group audit program - Audit planning letter |
AL3.1 |
Audit planning letter |
|
AL3.3.600 |
Group audit program - Audit findings |
AL3.3 |
Audit findings |
|
AL4.1.600 |
Group audit program - Management representations letter |
350 |
Management representations letter |
|
GL1.1 |
Engagement letter - Group audit |
415 |
Engagement letter |