Specific Areas of Audit Risks A14-06b

The auditor’s responsibilities for identified, or suspected noncompliance.

  1. Obtain an understanding, by examining documents, conducting confirmations, etc.
  2. Evaluate the effects on the financial statements, whether quantitative, qualitative, or disclosures.
  3. Consult others, and report the matter to management, those charged with governance, and other based on laws.