Third parties interested in communications to those charged with governance Flashcards
1
Q
What occasionally happens with those charged with governance
A
May wisk to provide third parties (e.g, bankers or certain regulatory authorities) with copies of a written communication from the auditors
2
Q
What does an auditor ensure?
A
That third parties who see the communication understand that it was not prepared with them in mind
3
Q
Written communications from auditors include certain caveats (report)
A
The report has been prepared for the sale use of the entity
4
Q
Written communications from auditors include certain caveats (disclosed)
A
Must not be disclosed to a third party without the written consent of the auditors
5
Q
Written communications from auditors include certain caveats (responsibility)
A
No responsibility is assumed by the auditors to any other person
