AAA March/June 2021

“… comment on the matters to be considered and explain the audit evidence you would expect to find during your review of the audit working papers on 1 July 20X5, in relation to the issues identified.”

means …

“… comment on the matters to be considered during your review of the audit working papers on 1 July 20X5, in relation to the issues identified.”

and

“… explain the audit evidence you would expect to find during your review of the audit working papers on 1 July 20X5, in relation to the issues identified.”

So for each “issue identified” i.e. matter that has been left for your attention – think about why it has been left for your attention – why couldn’t the audit supervisor deal with it? how are you going to clear it before the audit opinion/auditor’s report can be formulated?

What exactly is the issue? e.g. has it been accounted for correctly? If not, what is the misstatement? What effect does it have on the financial statements? (could be “just” a disclosure matter – though remember this should not be trivialised)
Is the actual/potential misstatement material? (Presumably … justify this .. consideration of pervasiveness may also be relevant)

What further evidence is needed may also be a consideration – this would be in addition to the evidence you should expect to be documented in the audit working papers at the time of your review.