Question

If group auditors choose to rely on the work of component auditors, do the group auditors have to refer to the component auditors in their report by name. true or false?

Answer 1

Group auditors do not have to refer to component auditors by name in their report.

Step-by-step explanation:

False. When group auditors choose to rely on the work of component auditors, they do not have to refer to the component auditors by name in their report.

Instead, they can refer to the work of the component auditors in a more general manner, such as 'We have relied on the work of other auditors in conducting our audit'.

This approach allows the group auditors to summarize their reliance on component auditors without naming them individually.