Question $8$

You are performing initial scoping for your group audit, which has $12$ components.

Based on your judgment, which component is a quantitatively significant component?

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Component $2,$ because its total assets are $12\%$ of consolidated assets, and its total revenues are $5\%$ of consolidated revenues.

Component $8,$ because its total liabilities are $12\%$ of consolidated liabilities, and its total revenues are $9\%$ of consolidated revenues.

Component $6,$ because it represents $14\%$ of total expenses of the group financial statements.

Component $11,$ because its total liabilities are $15\%$ of consolidated liabilities, and its total assets are $6\%$ of consolidated assets.