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CA Final · Advanced Auditing, Assurance and Professional Ethics · Group Audits

A finance manager asks CA Neha whether the Indian standard on using the work of another auditor is aligned with international practice. Which statement correctly reflects SA 600 as stated in the official text?

SA 600 is generally consistent, in all material respects, with ISA 600 "Using the Work of Another Auditor". It is not claimed to be identical word for word, and it is not described as different from or inconsistent with the international standard.

  1. AIt is identical word for word to ISA 600 in every respect
  2. BIt is generally consistent in all material respects with ISA 600 "Using the Work of Another Auditor"Correct
  3. CIt is entirely different from ISA 600 in its approach
  4. DIt is inconsistent with ISA 600 and has been drafted independently

Explanation

The text states that the auditing standards in SA 600 are generally consistent, in all material respects, with ISA 600 "Using the Work of Another Auditor". This does not mean they are identical word for word, so the first option overstates the position.

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