A5/M2 Communication and reporting in an integrated audit

Question 1

is it required if an issuer previously has material weakness exists in IC but alleviated to hire auditor to reassess the improvement of its IC?

Answer 1

No required. but if the entity wants to reassess, its management must provide a written report to accompany to the auditors report

Question 2

what is auditor’s responsibility regarding subsequent event occurred AFTER the date of auditor’s report on IC?

Answer 2

auditor has NO responsibility to stay informed of events that occur after the date of auditor’s report