71 paragraphs found
The identification of a number of immaterial misstatements within the same account balance or class of transactions may require the auditor to reassess the risk of material misstatement for that account balance or class of …
See ASA 720 The Auditor’s Responsibilities Relating to Other Information . …
See ASA 580 Written Representations , Appendix 2 , Illustrative Representation Letter. …
Misstatement means a difference between the reported amount, classification, presentation, or disclosure of a financial report item and the amount, classification, presentation, or disclosure that is required for the item to be in accordance with the …
Uncorrected misstatements means misstatements that the auditor has accumulated during the audit and that have not been corrected. …
Misstatements may result from: An inaccuracy in gathering or processing data from which the financial report is prepared; An omission of an amount or disclosure, including inadequate or incomplete disclosures, and those disclosures required to meet …