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ASA 720 - The Auditor's Responsibilities Relating to Other Information - December 2015
Responding When a Material Misstatement Responding When a Material Misstatement in the Financial Report Exists or the Auditor’s Understanding of the Entity and Its Environment Needs to Be Updated
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Responding When a Material Misstatement in the Financial Report Exists or the Auditor’s Understanding of the Entity and Its Environment Needs to Be Updated
- If, as a result of performing the procedures in paragraphs 14–15 of this Auditing Standard, the auditor concludes that a material misstatement in the financial report exists or the auditor’s understanding of the entity and its environment needs to be updated, the auditor shall respond appropriately in accordance with the other Australian Auditing Standards. (Ref: Para. A51)