Question
According to ISA 265 Communicating deficiencies in internal control to those charged with governance. The reason/s for the management letter is/are: (There may be more
According to ISA 265 Communicating deficiencies in internal control to those charged with governance. The reason/s for the management letter is/are:
(There may be more than one right answer select all the correct answers)
To obtain from those charged with governance information relevant to the audit
To communicate clearly with those charged with governance the responsibilities of the auditor in relation to the financial statement audit and an overview of the planned scope and timing of the audit
To promote effective two-way communication between the audit committee and the auditor.
To provide those charged with governance with timely observations arising from the audit that are significant and relevant to their responsibility to oversee the financial reporting process
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