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Hi in audit reporting, seldom question asks us to get the aggregate amount of misstatement.
i know we should get the individual effect on audit reporting or audit opinion however how do we know whether we should get the aggregate amount ??
As you say the audit opinion reports on individual matters – not an aggregate.
An answer may make passing reference an aggregate – e.g. if a matter you have been asked to consider is not individually material, adjusting for it would reduce the aggregate of the otherwise uncorrected misstatements. Specimen Q2(b) is about uncorrected misstatements – so consideration of aggregate in (ii) is worth a mark – but you wouldn’t lose a mark for not considering it.
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