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Reports to those charged with governance

2.2 Specific examples

 Expected limitations on the audit, either imposed by management or other
circumstances.

 The selection of, or changes in, significant accounting policies and practices
that have, or could have, a material effect on the entity’s financial statements.

 The potential effect on the financial statements of any material risks and
exposures, such as pending litigation, that are required to be disclosed in the
financial statements.

 A summary of identified misstatements, whether corrected or not by the entity
and a request that they are adjusted.

 Material uncertainties related to events and conditions that may cast significant
doubt on the entity’s ability to continue as a going concern.

 The nature and wording of expected modifications to the auditor’s report.

 Any other matters agreed upon in the terms of the audit engagement.

 Delays in obtaining information for the audit.

 An unreasonably brief time within which to complete the audit.

Note that matters communicated to those charged with governance may be selected
to be included in the Key Audit Matters section of the Auditor’s report to be
communicated to the users of the financial statements.

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