2/6/23
Auditor Conflict and Resolution 1. Disputed Finding? 2. Disputed Adjusting Journal Entry? 3. Disputed Deficiency in Internal Control?
4. Dispute Regarding Audit Opinion? 5. Delinquency in Filing of Reports?
• Timely and Open Communication of Audit Issues • Timely Exit Conference and Discussion of Issues • Responses to Audit Findings or Reports • Auditor Procurement, Licensing, and Rotation
31
Auditor Reporting and Finding Quantification Internal Control Over Financial Reporting (SAS 115 Letter): • Significant Deficiency • Material Weakness Communication to Those Charged With Governance (SAS 114 Letter): • Difficulties • Disputes • Corrections • Other Findings or Concerns • Changes in Accounting Principles or Estimates
32
16
Made with FlippingBook - Online catalogs