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jayboskeet jayboskeet
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A year ago
When communicating with the audit committee and management,

▸ only material fraud and illegal acts are required by auditing standards to be communicated.

▸ all internal control deficiencies are required by auditing standards to be communicated.

▸ the communications should be made in a timely manner to allow those charged with governance to take appropriate actions.

▸ all communications with the audit committee and management must be in writing.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
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brassgodbrassgod
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