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SUMMARY This paper discusses problems faced in conducting global group audits. We present background discussion on group audits, including the relationships between the global group entity, the group engagement team, components, and the component auditors. Discussion is framed around group audit problems that were highlighted in an IAASB-sponsored review of ISA 600 regarding group audits and the use of component auditors. We also consider additional problems related to internal controls in the global group audit setting. Throughout the paper, we highlight specific issues, review related research, and offer opportunities for future research. Our intent is to (1) highlight issues that practitioners face on a regular basis in the conduct of global group audits, and (2) identify relevant research that could lead to a more substantive and meaningful dialogue between practice and the academic auditing community.
Sunderland et al. (Sun,) studied this question.