Complete the following items. Write brief summary of the ISA 265: “Communicating deficiencies in internal control to those charged with governance and management.” Your answer should include discussion of the following: Classification and definitions of control deficiencies. Auditors’ responsibilities in detecting and reporting internal control deficiencies Key factors used to determine internal control significant deficiencies Key elements of auditors’ written communication of significant deficiencies Write brief summary of the ISA 240: “The auditor’s responsibilities relating to fraud in an audit of financial statements.” Your answer should include discussion of the following: Characteristics of fraud Management’s responsibilities for preventing and detecting fraud Auditor’s responsibilities for detecting fraud Audit procedures required for auditing fraud in the financial statements
