The International Auditing and Assurance Standards Board has re-issued an exposure draft titled "The Audit of Group Financial Statements."

The primary issues in the original draft revolved around the extent a group auditor needs to be involved in the audits of components being audited by other members of the audit team, and then whether that level of involvement should change based on whether those auditors are independent of the group auditor, or are related to the group auditor's firm.

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