CA Ritu is conducting the statutory audit of KLM Ltd. During the audit, she encountered significant difficulties in obtaining certain information…

As per SA 260, “Communication with Those Charged with Governance”, significant findings from the audit that the auditor shall communicate with those charged with governance are as follows: The auditor's views about significant qualitative aspects of the entity's accounting practices, including accounting policies, accounting estimates and financial statement disclosures. When applicable, the auditor shall explain to those charged with governance why the auditor considers a significant accounting practice, that is acceptable under the applicable financial reporting framework, not to be most appropriate to the particular circumstances of the entitySignificant difficulties, if any, encountered during the audit;Unless all of those charged with governance are involved in managing the entity:Significant matters arising during the audit that were discussed, or subject to correspondence, with management;Written representations the auditor is requestingCircumstances that affect the form and content of the auditor's report, if any andAny other significant matters arising during the audit that, in the auditor's professional judgment, are relevant to the oversight of the financial reporting process.