Document ID: chunk:federal_register_of_legislation:F2022C01208:reg:14:p9
Version: federal_register_of_legislation:F2022C01208
Segment Type: reg
Provision Reference: reg 14 (pt 9/57)
Character Range: 33219–36299

such items is included in or attached to the written representations;

(d)                They have disclosed to the auditor all significant facts relating to any frauds or suspected frauds known to them that may have affected the entity;

(e)                They have disclosed to the auditor the results of their assessment of the risk that the financial report may be materially misstated as a result of fraud;

(f)                 They have disclosed to the auditor all known actual or suspected non‑compliance with laws and regulations, the effects of which are to be considered when preparing the financial report; and

(g)                They have disclosed to the auditor all significant events that have occurred subsequent to the balance sheet date and through to the date of the auditor's review report that may require adjustment to or disclosure in the financial report.  (Ref: Para. A35)

25.               If management and, where appropriate, those charged with governance refuse to provide a written representation that the auditor considers necessary, this constitutes a limitation on the scope of the auditor's work and the auditor shall express a qualified conclusion or a disclaimer of conclusion, as appropriate.

Auditor's Responsibility for Other Information

26.               The auditor shall read the other information that accompanies the financial report to consider whether there is a material inconsistency with the financial report.  (Ref: Para. A36)

27.               If a matter comes to the auditor's attention that causes the auditor to believe that the other information appears to include a material misstatement of fact, the auditor shall discuss the matter with the entity's management, and where appropriate, those charged with governance.  (Ref: Para. A38)

Communication

    28.               When, as a result of performing a review of a financial report, a matter comes to the auditor's attention that causes the auditor to believe that it is necessary to make a material adjustment to the financial report for it to be prepared, in all material respects, in accordance with the applicable financial reporting framework, the auditor shall communicate this matter as soon as practicable to the appropriate level of management.

29.               When, in the auditor's judgement, management does not respond appropriately within a reasonable period of time, the auditor shall inform those charged with governance.  (Ref: Para. A39)

30.               When, in the auditor's judgement, those charged with governance do not respond appropriately within a reasonable period of time, the auditor shall consider:

(a)                Whether to modify the auditor's review report; or

(b)                The possibility of withdrawing from the engagement; and

(c)                The possibility of resigning from the appointment to audit the annual financial report.  (Ref:  Para.A37 and A62)

31.               When, as a result of performing the review of a financial report, a matter comes to the auditor's attention that indicates the