Table of AmendmentsTable of Amendments

Table of Amendments

AUTHORITY STATEMENT

Auditing Standard ASA 450 Evaluation of Misstatements Identified during the Audit (as amended to 30 May 2017) is set out in paragraphs Aus 0.1 to A30.

This Auditing Standard is to be read in conjunction with ASA 101 Preamble to Australian Auditing Standards, which sets out the intentions of the AUASB on how the Australian Auditing Standards, operative for financial reporting periods commencing on or after 1 January 2010, are to be understood, interpreted and applied. This Auditing Standard is to be read also in conjunction with ASA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards.

Dated: 30 May 2017

Conformity with International Standards on Auditing

This Auditing Standard conforms with International Standard on Auditing ISA 450 Evaluation of Misstatements Identified during the Audit issued by the International Auditing and Assurance Standards Board (IAASB), an independent standard‑setting board of the International Federation of Accountants (IFAC).

Paragraphs that have been added to this Auditing Standard (and do not appear in the text of the equivalent ISA) are identified with the prefix “Aus”.

The equivalent requirements and related application and other explanatory material included in ISA 450 in respect of “relevant ethical requirements”, have been included in Auditing Standard, ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements. There is no international equivalent to ASA 102.

Compliance with this Auditing Standard enables compliance with ISA 450.