I have recently been assigned to do an audit and I have discovered the following issues and would like assistance as to what part of the audit contravention is affected.
1. Previous years fund return was never audited by the nominated auditor - confirmed by the auditor on the return. - how do i report this
2. Opening Bank balance is not correct - I am satisfied with the error which affects the balance Sheet discrepancy under $30000 - is this reportable in the audit report or do we amend the previous years return to correct it.
3. Pension Minimun standards not met, but satisfies the 1/11th rule - do we need to report this in the audit report