31386 paragraphs found
The requirements of this Auditing Standard remain applicable notwithstanding that law or regulation may require the auditor to use specific terms or …
Communication of Significant Deficiencies in Internal Control to Those Charged with Governance (Ref: Para. 9 ) …
Communicating significant deficiencies in writing to those charged with governance reflects the importance of these matters, and assists those charged with governance in fulfilling their oversight responsibilities. ASA 260 establishes relevant …
In determining when to issue the written communication, the auditor may consider whether receipt of such communication would be an important factor in enabling those charged with governance to discharge their oversight responsibilities. In addition, for …
Regardless of the timing of the written communication of significant deficiencies, the auditor may communicate these orally in the first instance to management and, when appropriate, to those charged with governance to assist them in taking timely …
The level of detail at which to communicate significant deficiencies is a matter of the auditor’s professional judgement in the circumstances. Factors that the auditor may consider in determining an appropriate level of detail for the communication …
Management and those charged with governance may already be aware of significant deficiencies that the auditor has identified during the audit and may have chosen not to remedy them because of cost or other considerations. The responsibility for …
The fact that the auditor communicated a significant deficiency to those charged with governance and management in a previous audit does not eliminate the need for the auditor to repeat the communication if remedial action has not yet been taken. If a …
If sufficient information about suspected non‑compliance cannot be obtained, the auditor shall evaluate the effect of the lack of sufficient appropriate audit evidence on the auditor’s …