Wiley Practitioner's Guide to GAAS 2023, 2nd Edition

8AU-C 265 Communicating Internal Control Related Matters Identified in an Audit

• Scope
• Definitions of Terms
• Objectives of AU-C 265
• Requirements
  • Determining Whether Deficiencies in Internal Control Have Been Identified
  • Considerations Specific to Smaller, Less Complex Entities
  • Indicators of Material Weakness
  • Communication of Internal Control Related Matters
• Management Response
• Interpretations
  • Communication of Significant Deficiencies and Material Weaknesses Prior to the Completion of the Compliance Audit for Participants in Office of Management and Budget Single-Audit Pilot Project
  • Communication of Significant Deficiencies and Material Weaknesses Prior to the Completion of the Compliance Audit for Auditors Who Are Not Participants in Office of Management and Budget Pilot Project
  • Appropriateness of Identifying No Significant Deficiencies or No Material Weaknesses in an Interim Communication
• AU-C 265 Illustrations

SCOPE

The previous chapter, on AU-260, addressed the auditor's responsibility to communicate with those charged with governance regarding the audit. AU-C 265 addresses the auditor's responsibilities regarding communicating to management and those charged with governance identified deficiencies in internal control. (AU-C 265.01)

If the auditor is engaged to perform an audit of internal control over financial reporting that is integrated with the audit of financial statements, the auditor should apply the guidance in AR-C 940. (AU-C 265.04)

DEFINITIONS OF TERMS ...