ACCA AA Syllabus B. Planning And Risk Assessment - Investigating Misstatements - Notes 4 / 6
If a misstatement is discovered, the audit impact needs to be considered
This is done by:
looking at the circumstances of the offence
Gathering information about the FS effect
If material, additional procedures should be carried out
Communicated to those charged with governance
Find out their action to rectify it and whether it is likely to happen again
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Syllabus B. Planning And Risk Assessment
B5. Fraud, laws and regulations
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Syllabus B. Planning And Risk Assessment
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