NAA2615. Rethinking Group Audits: Adapting to the New Standards

With the issuance of SAS No. 149, Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors), firms face significant changes in how group audits are planned, performed, and documented. This session will highlight the most impactful updates—particularly around risk assessment, component auditor oversight, and coordination—and offer practical guidance to implement the standard effectively.

Learning Objectives:

• Identify the key provisions and changes introduced in SAS No. 149 and their impact on audit planning and performance.
• Describe best practices for coordinating and supervising component auditors in compliance with the new standard.