Documentation (Ref: Para. 15)Documentation (Ref: Para. 15)

Documentation (Ref: Para. 15)

1. The auditor’s documentation of uncorrected misstatements may take into account:
   1. The consideration of the aggregate effect of uncorrected misstatements;
   2. The evaluation of whether the materiality level or levels for particular classes of transactions, account balances or disclosures, if any, have been exceeded; and
   3. The evaluation of the effect of uncorrected misstatements on key ratios or trends, and compliance with legal, regulatory and contractual requirements (for example, debt covenants).