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Which of the following is an appropriate scope designation under ISA 600?

1. Limited scope
2. Statutory scope
3. Specific scope
4. Review scope

Answer :

ISA 600 is part of the International Standards on Auditing, which address the responsibilities of auditors when they are using the work of other auditors in the context of a group audit. The appropriate scope designation under ISA 600 is commonly related to 'Statutory scope,' which pertains to audits required by law or regulations.

Here is a breakdown of the options provided:

  1. Limited scope: This typically refers to audits where the audit work is restricted in some way, but it's not a specific term used within ISA 600.

  2. Statutory scope: This is the correct choice as it pertains to audits conducted to meet legal or regulatory requirements, which aligns with the application of ISA 600 in group audits.

  3. Specific scope: This term generally relates to audits designed for particular objectives or areas and is not specific to ISA 600 in the context of group audits.

  4. Review scope: A review is less comprehensive than an audit, focusing on a moderate level of assurance. This term is not directly applicable to ISA 600.

Thus, the correct choice here would be 2. Statutory scope, as it aligns with the legal and regulatory needs that guide the application of ISA 600 in group audits.

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