Communication of error to management

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Question: An external auditor finds an error in inventory valuation. How should this be communicated to the management? And if the management disagrees to rectify the error, what are the next steps an external auditor can take in dealing with this uncorrected misstatement?

It's urgent. I need answer from an expert. Please help.

Replies (1)

COMMUNICATE THE ERROR OR DEFICIENCIES TO THE MANAGEMENT ORALLY 

AND ENSURE THAT THEY WILL RECTIFY THE SAME ERROR WITH THE RESONABLE TIME 

IF MANAGEMENT REFUSES TO CORRECT THE ERROR SO QUALIFY THE AUDITOR REPORT . . . 


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