Audit of holding companies and group accounts, Auditing

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Audit of Holding Companies and Group Accounts

Authoritative documents are as:

  1. The Companies Act Cap 486
  2. IAS 27
  3. IAS 28
  4. IAS 31
  5. IFRS 3
  6. ISA 600 requiring the work of other auditor

The Companies Act necessitates that whether a company at its year finish has a subsidiary after that the directors of that company called a holding company are necessary to produce consolidated accounts or group accounts that show a fair and true view of the state of affairs and the conclusions of the company and its subsidiaries like far as they regarded the members of the holding company.


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