Dealing with MISSTATEMENTS discovered during the audit - ASA/ISA 450

ASA450 doesn't get referred to a lot, but it is a critical component of the audit process - it guides auditors on what to do about the MISSTATEMENTS they uncover while collecting audit evidence. My ultimate audit video study guide is available here https://amandalovestoaudit.com/learning-resources/audit-study-guide/ If you have questions about ASA/ISA 450, add them in the comments below. Find ASA 450 here http://www.auasb.gov.au/Pronouncements/Australian-Auditing-Standards.aspx #StandardsExplained #SignificantRisk #Outsourcing #ISA402 #ASA402 #ILoveAudit #Auditing Subscribe to watch more auditing videos! https://www.youtube.com/user/AmandaLovesToAudit Catch me on social media! https://www.facebook.com/amandalovestoaudit/ https://www.twitter.com/amandasaudit http://instagram.com/amandalovestoaudit Mic - Rode SmartLav+ Explain Everything iPad app LumaFusion iPad app