Auditors must communicate in writing about internal control weaknesses to the audit committee or those charged with governance.

Question

Quizplus · Accepted Answer

This is a requirement under auditing standards, as internal control weaknesses represent a significant risk to the accuracy and reliability of financial statements. Communication in writing helps to ensure that the issue is clearly documented and can be addressed by management and the audit committee.

Auditors Must Communicate in Writing About Internal Control Weaknesses to the Audit