2/21/25
Audit Procedures – Financial Audit • Substantive Tests of Account Balances (Vouching, Observation, Search for Liabilities, Tracing, Confirmation, Predictive Tests, Control Total Testing) • Review of Audit Work • Summary of Audit Conclusions • Drafting of Financial Statements • Drafting of Communication Letters and Approval of Audit Adjustments • Finalization and Electronic Filing to the NIGC, Board, and Management
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Auditor Communications Internal Control Over Financial Reporting (SAS 115/AU-C 265 Letter): • Significant Deficiency • Material Weakness Communication to Those Charged With Governance (SAS 114/AU-C 260 Letter): • Difficulties • Disputes • Corrections • Other Findings or Concerns • Changes in Accounting Principles or Estimates
30
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