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SA 600 (Revised) for group audits emphasises:
AGroup engagement team's overall responsibility and active involvement, including component materiality and risk-based scoping
BComponent auditors operating independently
CGroup auditor's reliance without evaluation
DSingle materiality for all components
Answer & Solution
Correct answer: A. Group engagement team's overall responsibility and active involvement, including component materiality and risk-based scoping
1. SA 600 (Revised) (effective from FY 2026-27 in line with global ISA 600 revisions) tightens group auditor's responsibility.
2. Component materiality is risk-based and below group materiality.
3. Pure reliance without evaluation is inadequate.
_Source: ICAI BoS CA Final Paper 3, Ch 6 "Standards on Auditing and Professional Ethics"_
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