Engagement Team - Group Audits Independence
The objectives of the project are two-fold:
(a) To align the definition of the term “engagement team” in the Code with the revised definition of the same term in proposed ISA 220 (Revised) while ensuring that
the independence requirements in the IIS are clear and appropriate and apply only to those individuals within the scope of the revised definition who must be
independent in the context of the particular audit engagement; and