audit of holding companies and group

Question

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.