28 paragraphs found
In the case of an audit of a public sector entity, the evaluation whether a misstatement is material may also be affected by the auditor’s responsibilities established by law, regulation or other authority to report specific matters, including, for …
If the aggregate of misstatements accumulated during the audit approaches materiality determined in accordance with ASA 320 , there may be a greater than acceptably low level of risk that possible undetected misstatements, when taken with the aggregate of …
The auditor shall accumulate misstatements identified during the audit, other than those that are clearly trivial. (Ref: Para. A2‑A6) …
The objective of the auditor is to evaluate: The effect of identified misstatements on the audit; and The effect of uncorrected misstatements, if any, on the financial …
To assist the auditor in evaluating the effect of misstatements accumulated during the audit and in communicating misstatements to management and those charged with governance, it may be useful to distinguish between factual misstatements, judgemental …
If, at the auditor’s request, management has examined a class of transactions, account balances or disclosures and corrected misstatements that were detected, the auditor shall perform additional audit procedures to determine whether misstatements remain. …
The auditor may request management to examine a class of transactions, account balances or disclosures in order for management to understand the cause of a misstatement identified by the auditor, perform procedures to determine the amount of the actual …
See ASA 240 The Auditor’s Responsibilities Relating to Fraud in an Audit of a Financial Report , paragraphs A1‑A6 . …