Audits of Group Financial Statements

Question 1

When the audit is performed by other auditors what inquiries should the principal auditor make based off of?

Answer 1

professional reputation, independence, and competence

Question 2

what would a principal auditor likely do to make a reference to another auditor who audited a subsidiary of the entity?

Answer 2

visit the other auditor to discuss procedure and results reviewing audit programs
reviewing the documentation of the other auditor (including the internal control work performed)