[AUD] Communication with those charged with governance

1. IC related matter > to mgt. BOD

- in writing

- not required to find deficiency

- no more than 60 days, an audit report released date

	Likelihood	Magnitude
Control Deficiency	not included	Any	oral/written > mgt(NP only)
Significant Deficiency	More than remote = reasonably possible	More than consequential	written > mgt/bod
Material Weakness		Material	written > mgt/bod

* IC 하면서 발견되기도 함. IC 할 의무는 없음

 

- Letter

title: independent practitioner's report

1) FS위해, IC에 의견주는거 아님

2) not all deficiencies in IC

3) CD

    SD

    ided + explanation

    MW

4) Restricted Use

 

 

 

2. Non IC related > to bod, audit committee

- Oral/Writing

- restricted use in Writing

- matters to be communicated

 

1) Auditor's resp GAAS

  - form opinion

  - mgt/bod의 resp 놓지않음

2) Planned scope & timing of audit

3) Significant findings from an audit

  a. Qualitative aspect-reasonableness of Estimate

  b. Significant difficulties during the audit

  c. Uncorrected/Corrected material misstatement

  d. Fraud

  e. Consultation with other auditor

  f. Disagreement with mgt(solved or not)

  g. Auditor independence issue