Solution-Significant deficiency in internal control

Significant deficiency in internal control

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Reference no: EM133184155

Assuming the company and the auditor concluded that this internal control failure is not severe enough to be a material weakness but indicates a significant deficiency in internal control, explain the next steps for auditors. What kinds of obligation auditors have in terms of communicating the results. (e.g., To whom do they report? And How?) Compare and contrast with the case of material weakness.

Reference no: EM133184155

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Significant deficiency in internal control

Reference no: EM133184155

Reference no: EM133184155

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