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Forums › ACCA Forums › ACCA AA Audit and Assurance Forums › Subsequent events.
What action can be taken by an auditor after the discovery of material misstatements after the signing of the report,the directors having refused to ammend the financial statements?
If directors refuse to ammend the F/S, seek for legal advice with the objective of trying to prevent further reliance on the auditor’s report
If directors do not agree to amend FS, the auditor will make a statement in AGM and seek legal advice.
