Create a letter to management that identifies any gaps in internal control and provides resolution. In addition,
Question:
Create a letter to management that identifies any gaps in internal control and provides resolution. In addition, in a separate section of your submission, include audit opinions of both the internal controls and the financial statements of the organization.
A. Prepare a letter to management that clearly communicates internal control deficiencies or material weaknesses, and provides recommendations to remediate concerns.
B. Prepare an audit opinion of internal controls, and explain the impact it has on the audit of financial statements.
C. Prepare an audit opinion of financial statements, and explain why the opinion is appropriate based on findings in the audit.
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws