Internal Control Communication - Non Issuer vs Integrated

Question 1

Identified Control Deficiency

Answer 1

Non Issuer - Inform Management (oral or written) within 60 Days of Report Release Date

Integrated Audit - Same as non issuer except must be in writing

Question 2

Identified Significant Weakness

Answer 2

Non Issuer - Inform Management and Corporate Governance in writing within 60 Days of Report Release date

Integrated Audit - Same as Non Issuer except must be by report date

Question 3

Identified Material Weakness

Answer 3

Non Issuer - Inform Management and Corporate Governance in writing within 60 Days of Report Release date

Integrated Audit - Same as Non Issuer except due by Report Date

Question 4

Indicate absence of significant Deficiencies

Answer 4

Non Issuer - Not Allowed

Integrated Audit - Not Allowed

Question 5

No Material weaknesses identifies

Answer 5

Non Issuer - Permitted but not Required

Integrated Audit - Not Permitted

Question 6

Description of Inherent Limitations of Internal Control

Answer 6

Non Issuer - Permitted but not Required

Integrated Audit - Required

Question 7

Auditor does not express an opinion on the effectiveness of Internal Controls

Answer 7

Non Issuer - Required

Integrated Audit - Not Permitted

Question 8

Restrict the use of communication to management, corporate governance, etc

Answer 8

Non Issuer - Required

Integrated Audit - Permitted but not Required