50AU-C 940 An Audit of Internal Control over Financial Reporting That Is Integrated with an Audit of Financial Statements


AU-C 940 guidance applies only when:

  • An auditor is engaged to perform an audit of internal control over financial reporting (ICFR), and
  • That audit is integrated with the financial statements audit (integrated audit).

(AU-C 940.01)


Source: AU-C 940.05. For definitions of the terms related to this section, see Appendix A, “Definitions of Terms”: Audit of ICFR, Control objective, Criteria, Detective control, Internal control over financial reporting (ICFR), Management's assessment about ICFR, Preventive control.


AU-C 940.04 states that the objectives of the auditor in an audit of ICFR are to:

  1. obtain reasonable assurance about whether material weaknesses exist as of the date specified in management's assessment about the effectiveness of ICFR (as of date) and
  2. express an opinion on the effectiveness of ICFR in a written ...

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