41. Are the differences between CAS 600 and Section 6930 significant?

Yes. Under Section 6930 “Reliance on Another Auditor” auditors of group financial statements may have obtained the auditor’s report from another auditor and included this in the audit working papers with very little involvement in the audit performed by the other auditor. Canadian Auditing Standard 600, Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors) requires significantly more involvement by the group engagement team in the work performed by a component auditor. For example, it states that the group engagement partner is responsible for the direction, supervision and performance of the group audit engagement in compliance with professional standards and applicable legal and regulatory requirements.