REMINDER:
Effective Date of the International Standard on Auditing 600 (Revised): Special Considerations – Audits of Group Financial Statements

The International Auditing and Assurance Standards Board (IAASB) issued the International Standard on Auditing (ISA) 600 (Revised), Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors), which was adopted, and prescribed by the Board of the Independent Regulatory Board for Auditors (IRBA) on 29 July 2022. ISA 600 (Revised) and the related Conforming and Consequential Amendments to Other International Standards became effective for audits of financial statements for periods beginning on or after 15 December 2023.

The following IRBA communication is also relevant and available on the IRBA website:
• Revisions to the IRBA Code of Professional Conduct (Revised April 2023) to Strengthen and Clarify the Independence Requirements for Group Audits.

ISA 600 (Revised) and the related Conforming and Consequential Amendments to Other International Standards can be downloaded from the IRBA website on:
https://www.irba.co.za/handbooks-of-international-standards/2020-handbook-of-international-standards

Auditors may also refer to the IAASB website on:
https://www.iaasb.org/publications/international-standard-auditing-600-revised-special-considerations-audits-group-financial-statements

Email standards@irba.co.za for any further queries.