The auditor shall determine whether the overall audit strategy and audit plan need to be revised if: The nature of identified misstatements and the circumstances of their occurrence indicate that other misstatements may exist that, when aggregated with …

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 shall communicate, unless prohibited by law or regulation, on a timely basis all misstatements accumulated during the audit with the appropriate level of management. [3]  The auditor shall request management to correct those misstatements. …

If management refuses to correct some or all of the misstatements communicated by the auditor, the auditor shall obtain an understanding of management’s reasons for not making the corrections and shall take that understanding into account when evaluating …

Prior to evaluating the effect of uncorrected misstatements, the auditor shall reassess materiality determined in accordance with ASA 320 to confirm whether it remains appropriate in the context of the entity’s actual financial results. …

The auditor shall determine whether uncorrected misstatements are material, individually or in aggregate.  In making this determination, the auditor shall consider: The size and nature of the misstatements, both in relation to particular classes of …

Communication with Those Charged with Governance …

The auditor shall communicate with those charged with governance uncorrected misstatements and the effect that they, individually or in aggregate, may have on the opinion in the auditor’s report, unless prohibited by law or regulation. [4]  The auditor’s …

The auditor shall also communicate with those charged with governance the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial report as a …

The auditor shall request a written representation from management and, where appropriate, those charged with governance whether they believe the effects of uncorrected misstatements are immaterial, individually and in aggregate, to the financial report …