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ASA 580 - Written Representations - October 2009
Communicating a Threshold Amount (Ref: PCommunicating a Threshold Amount (Ref: Para. 10‑11, 13)
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Communicating a Threshold Amount (Ref: Para. 10‑11, 13)
- ASA 450 requires the auditor to accumulate misstatements identified during the audit, other than those that are clearly trivial.[6] The auditor may determine a threshold above which misstatements cannot be regarded as clearly trivial. In the same way, the auditor may consider communicating to management a threshold for purposes of the requested written representations.