In addition to matters that relate to the specific required considerations in paragraph  9 , there may be other matters communicated with those charged with governance that required significant auditor attention and that therefore may be determined to be …

Areas of Higher Assessed Risk of Material Misstatement, or Significant Risks Identified in Accordance with ASA 315 (Ref: Para.  9(a) …

ASA 260 requires the auditor to communicate with those charged with governance about the significant risks identified by the auditor. [23]   Paragraph A13 of ASA 260 explains that the auditor may also communicate with those charged with governance about …

ASA 315 defines a significant risk as an identified and assessed risk of material misstatement that, in the auditor’s judgement, requires special audit consideration.  Areas of significant management judgement and significant unusual transactions may …

However, this may not be the case for all significant risks.  For example, ASA 240 presumes that there are risks of fraud in revenue recognition and requires the auditor to treat those assessed risks of material misstatement due to fraud as significant …

ASA 315 explains that the auditor’s assessment of the risks of material misstatement at the assertion level may change during the course of the audit as additional audit evidence is obtained. [26]   Revision to the auditor’s risk assessment and …

Significant Auditor Judgements Relating to Areas in the Financial Report that Involved Significant Management Judgement, Including Accounting Estimates that Are Subject to a High Degree of Estimation Uncertainty (Ref: Para.  9(b) …

  Business risks increasing the susceptibility to risks of material misstatement may arise from: Inappropriate objectives or strategies, ineffective execution of strategies, or change or complexity. A failure to recognise the need for change may also give …

(Ref: Para. A78–A84 ) …

If supplementary information that is not required by the applicable financial reporting framework is not considered an integral part of the audited financial report, the auditor shall evaluate whether such supplementary information is presented in a way …