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PSA 710 - Comparatives (OBJECTIVES (To obtain sufficient appropriate audit…

- - - - The comparative information agrees with the amounts and other disclosures presented in the prior period or, when appropriate, have been restated
      - The accounting policies reflected in the comparative information are consistent with those applied in the current period or, if there have been changes in accounting policies, whether those changes have been properly accounted for and adequately presented and disclosed.
    - - shall perform such additional audit procedures as are necessary in the circumstances to obtain sufficient appropriate audit evidence to determine whether a material misstatement exists
      - If the auditor had audited the prior period’s financial statements, the auditor shall also follow the relevant requirements of ISA 560
      - If the prior period financial statements are amended, the auditor shall determine that the comparative information agrees with the amended financial statements.
  - - - auditor’s opinion shall not
        refer to the corresponding figures except:
        
        If the auditor’s report on the prior period, as previously issued, included a qualified opinion, a disclaimer of opinion, or an adverse opinion and the matter which gave rise to the modification is unresolved, the auditor shall modify the
        auditor’s opinion on the current period’s financial statements
        
        Auditor shall express a qualified or adverse opinion in the Auditor's report on the current FS, modified with respect to the corresponding figures included if he/she obtains evidence that a material misstatement exists in the prior period FS on which unmodified opinion has been previously issued.
    - - the auditor shall state in an Other Matter paragraph in the auditor’s report:
        
        That the financial statements of the prior period were audited by the predecessor auditor
        
        The type of opinion expressed by the predecessor auditor and, if the opinion was modified, the reasons therefore
        
        Date of that report
    - - the auditor shall state in an Other Matter paragraph in the auditor’s report that the corresponding figures are unaudited. This statement doesnt relieve the auditor of the requireent to obtain sufficient appropriate audit evidece that balances don't contain material misstatements that affect the current period's FS.
    - - Auditor's opinion shall refer to each period for w/c FS are presented & on w/c an audit opinion is expressed. If the prior period opinion on FS differs from the opinion the auditor previously expressed, auditor shall disclse the substantive reasons for the different opinion in an Other Matter paragraph.
    - - the auditor shall state in an Other Matter paragraph:
        
        that the FS of the prior period were audited by a
        predecessor auditor
        
        type of opinion expressed by the predecessor auditor and, if the
        opinion was modified, the reasons therefore
        
        Date
    - - auditor shall state in an Other Matter paragraph that the comparative financial statements are unaudited.