Compliance Audit Report & what to include Flashcards Preview

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Flashcards in Compliance Audit Report & what to include Deck (8):
1

Statement that audit was conducted

In accordance with GAAS and GAS issued by the Comptroller General of the US

2

Statement that compliance audit includes

examining on a test basis evidence about entity compliance

3

Statement that compliance audit does not

provide legal determination of compliance

4

Management is responsible for

maintaining effective I/C over compliance with laws, regulations, contracts and grants

5

Auditor's consideration over I/C over compliance

Not to identify all significant deficiencies

6

Report is

intended solely for the use of management

7

define

deficiency and material weakness over I/C

8

Statement that the auditor

does not express an opinion on I/C over compliance