CAS 600 (Revised): Audits of Group Financial Statements
Requirements for group audits, including identification of components, group materiality, and the group auditor's involvement in component auditor work.
Why CAS 600 (Revised) matters
Canadian issuers with foreign subsidiaries are heavily affected by the revised CAS 600. Group auditor involvement requirements have tightened materially.
Framework: Canadian Auditing Standards (CAS)
CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Primary source: FRAS Canada
Frequently asked
What is CAS 600 (Revised)?
Requirements for group audits, including identification of components, group materiality, and the group auditor's involvement in component auditor work.
Why does CAS 600 (Revised) matter for an audit?
Canadian issuers with foreign subsidiaries are heavily affected by the revised CAS 600. Group auditor involvement requirements have tightened materially.
Which framework does CAS 600 (Revised) belong to?
CAS 600 (Revised) falls under Canadian Auditing Standards (CAS). CAS are the auditing standards adopted by the Auditing and Assurance Standards Board (AASB) of CPA Canada. They are Canadian adoptions of the IAASB's International Standards on Auditing (ISAs) and govern every audit of financial statements performed in Canada.
Related standards — Canadian Auditing Standards (CAS)
- CAS 200 — Overall Objectives of the Independent Auditor
- CAS 210 — Agreeing the Terms of Audit Engagements
- CAS 220 — Quality Management for an Audit of Financial Statements
- CAS 230 — Audit Documentation
- CAS 240 — The Auditor's Responsibilities Relating to Fraud
- CAS 250 — Consideration of Laws and Regulations
See how Auditus checks CAS 600 (Revised)
Auditus.ai runs PCAOB, ISA, and CAS engagements end-to-end and cites the exact standard behind every finding — including CAS 600 (Revised).