Misc Flashcards
1
Q
As part of a governmental audit, is the auditor required to issue a written report on ICs? If so, what is included in that report?
A
Yes, includes:
a) The assertion that the evaluation of compliance with laws, rules, and regulations with a DIRECT AND MATERIAL effect on the FS is part of developing the opinion
b) The assertion that specific controls relating to financial reporting are considered
c) An indication that either no weaknesses were found or that significant deficiencies were found
