| 10. | Prior to evaluating the effect of uncorrected misstatements, the auditor shall reassess materiality determined in accordance with ISA (UK and Ireland) 320 to confirm whether it remains appropriate in the context of the entity's actual financial results. (Ref: Para. A11-A12) |
| 11. | The auditor shall determine whether uncorrected misstatements are material, individually or in aggregate. In making this determination, the auditor shall consider: |
| (a) | The size and nature of the misstatements, both in relation to particular classes of transactions, account balances or disclosures and the financial statements as a whole, and the particular circumstances of their occurrence; and (Ref: Para. A13-A17, A19-A20) |
| (b) | The effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole. (Ref: Para. A18) |
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