Section Documentation - ASA 450 - Evaluation of Misstatements Identified during the Audit - October 2009 - Documentation

The auditor shall include in the audit documentation:[5] (Ref: Para. A30)
1. The amount below which misstatements would be regarded as clearly trivial (see paragraph 5 of this Auditing Standard);
2. All misstatements accumulated during the audit and whether they have been corrected (see paragraphs 5, 8 and 12 of this Auditing Standard); and
3. The auditor’s conclusion as to whether uncorrected misstatements are material, individually or in aggregate, and the basis for that conclusion (see paragraph 11 of this Auditing Standard).

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