ASA 502 - Audit Evidence - Specific Considerations for Litigation and Claims - October 2009
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Related Procedures
Aus 7.1 The auditor shall enquire of management about new litigation and claims referred to the entity’s legal counsel subsequent to the date of the request for a letter of enquiry to the entity’s legal counsel and prior to signing the auditor’s report.
(Ref. Para A9-Aus A9.1)
Aus 7.2 If audit procedures lead to the discovery of matters of a legal nature not previously identified by management, the auditor shall consider the impact of each of the matters on the financial report. (Ref: Para. Aus A9.2‑Aus A9.3)
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