Communication of Deficiencies in Internal COntrol Flashcards
1
Q
What does ISA 265 state?
A
Significant deficiencies in internal control should be communicated to those charged with governance
2
Q
What form does this communication take?
A
A report to management
3
Q
What is a significant deficiency in internal control?
A
A deficiency or combination of deficiencies in internal that is of sufficient importance to merit attention of those charged with governance
