If an auditor discovers a misstatement that is below performance materiality but not trivial, what should they do$?$

Question $13$Answer

a$.$

Ignore it$,$ since it does not exceed overall materiality.

b$.$

Report it to management and assess if similar misstatements exist elsewhere.

c$.$

Immediately withdraw from the engagement.

d$.$

Adjust performance materiality upward to avoid unnecessary testing.