Deficiencies in internal control identified during the audit should be communicated:

Question

Accepted Answer

In writing to those charged with governance, with significant deficiencies reported on a timely basis. ISA 265 requires significant deficiencies to be communicated in writing to those charged with governance, and other deficiencies of sufficient importance to management, on a timely basis.

Answer

A) To shareholders in the audit report

Answer

B) In writing to those charged with governance, with significant deficiencies reported on a timely basis

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C) To the regulator immediately

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D) Only if the audit opinion is modified

Deficiencies in internal control identified during the audit should be communicated:

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