Communicate to Those Charged with Governance

Question 1

Content

Answer 1

Significant issues arising from audit process

Question 2

Whom

Answer 2

Those w. control i.e board

Question 3

Matters

Answer 3

Findings from audit, ethics, business risks, control risks

Question 4

Timing

Answer 4

Timely so mgmt can respond and address br FS approved

Question 5

If no issues:

Answer 5

• Communicate stating no matters to bring up
• Example:
• Approach, scope & limitations/ accting policies change
• Material adjustments, MURGC, Disagreements w. mgmt
• Review of contents of mgmt representation letter.