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create an internal controls audit report Identify anomalies found during substantive and control testing for each audit report. Analyze materiality of control deficiencies and financial
create an internal controls audit report
- Identify anomalies found during substantive and control testing for each audit report.
- Analyze materiality of control deficiencies and financial misstatements that impact materiality for each audit report.
- Identify critical matters for each audit report.
- Formulate an opinion of the audit based on audit results for each audit report.
- Create audit reports (a financial statement report and an internal controls report) based on Generally Accepted Auditing Standards. Include the following:
- Type of audit report to be communicated to client
- Title
- Client information
- Introductory paragraph
- Auditors opinion
- Basis of the opinion
- Clients responsibility
- Auditors responsibility
- Critical audit matters
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