Amendments to ASA 705Amendments to ASA 705

Amendments to ASA 705

1. Existing paragraph A9 is amended to read as follows:

An inability to perform a specific procedure does not constitute a limitation on the scope of the audit if the auditor is able to obtain sufficient appropriate audit evidence by performing alternative procedures. If this is not possible, the requirements of paragraphs 7(b) and 9–10 apply as appropriate. Limitations imposed by management may have other implications for the audit, such as for the auditor’s assessment of risks of material misstatement due to fraud risks and consideration of engagement continuance.