This course features highlights from ISCA's Navigating Independence Requirements for Group Audits webinar event held in March 2026.
Synopsis:
ISCA’s Code of Professional Conduct and Ethics (EP 100) introduced a new Section 405 to Part 4A, setting out independence requirements for group audits. Section 405 which became effective on 15 December 2023, aligns the Code’s terminology and concepts with SSA 600 (Revised) Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors) and clarifies that component auditors, whether within or outside the group auditor’s network are regarded as part of the group audit team for independence purposes.
In this module, the Former Deputy Chair of the IESBA will explain the requirements in Section 405, including the specific independence requirements for group auditors, network firms, non network firms and individuals involved in a group audit engagement, illustrated through practical examples.
The session will also cover group level ethics considerations for sustainability assurance engagements under the IESSA, providing participants with practical and actionable insights to support their professional work.
Intended For:
This session is relevant to ISCA members as well as audit, finance and public sector professionals involved in group audits, group reporting, audit coordination, governance or sustainability assurance engagements.
Competency Mapping:
