Evaluation of Misstatements Identified during the Audit
International Standard on Auditing (Ireland) 450 deals with the auditor’s
responsibility to evaluate the effect of identified misstatements on the audit and of
uncorrected misstatements, if any, on the financial statements.
ISA(Ireland) 450 is effective for the audits of financial statements for periods commencing
on or after 17 June 2016, for which opinions are issued on or after 1 February 2017.
ISA (Ireland) 450 (Updated July 2017)