Communication of error to management

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 . . . 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details