Sie sind auf Seite 1von 1

Definitions PSA 260 Relevant Persons The auditor should communicate audit matters

Governance - term used to describe the role of


persons entrusted with the supervision, control COMMUNICATIONS OF AUDIT of governance interest arising from the audit of
MATTERS WITH THOSE financial statements with those charged with
and direction of an entity.
CHARGED WITH GOVERNANCE governance of an entity.
Audit matters of governance interest - are
those that arise from the audit of financial
statements and, in the opinion of the auditor, are The auditor should communicate Who are TCWG?
both important and relevant to those charged audit matters of governance interest An audit engagement letter
with governance in overseeing the financial arising from the audit of financial may; a.) For corporations
reporting and disclosure process. statements with those charged with covered by the SEC
a.) explain that the auditor will Code of Corporate
governance of an entity.
communicate only those Governance = BOD’s
The Auditor should consider audit matters of Audit Matters to be Communicated matters of governance interest
that comes to attention as a b.) For other entities=
governance interest that arise from the audit of the
auditor uses judgment
financial statements and communicate them with result of the performance of an
1.) The general approach and overall scope of to determine those
those charged with governance. audit.
the audit, including any expected limitations persons.
thereon. b.) Describe the form in which
Timing of Communications c.) When the entity’s
2.) The selection of significant accounting any communications on audit governance structure
policies and practices that have a material matters of governance interest is not well defined=
effect on the entity’s financial statements. will be made auditor comes to an
The auditor should communicate audit matters of
3.) The potential effect on the financial agreement with the
governance interest on a timely basis. c.) Identify the relevant
statements of any significant risks and entity to whom to
exposures that are required to be disclosed in persons with whom such communicate.
the financial statements. communications will be made.
Forms of Communications
4.) Audit adjustments, whether or not recorded d.) Identify any specific audit
by the entity that has a significant effect on the matters of governance interest
The auditor’s communications with those charged entity’s financial statements. which it has been agreed are
with governance may be made orally or in writing. 5.) Material uncertainties related to events and to be communicated.
conditions that may cast significant doubt on the
entity’s ability to continue as a going concern.
When audit matters of governance interest are 6.) Expected modifications to the auditor’s The auditor considers whether audit
communicated orally, the auditor documents in report. matters of governance interest previously
the working papers the matters communicated 7.) Any other matters agreed upon in the terms communicated may have an effect on the
and any response to those matters. of the audit engagement. current year’s financial statements.
Confidentiality

If the auditor considers that a


Auditor initially discusses audit matters of Other Matters The Code of Ethics for Certified Public
modification of the auditor’s report on
governance interest with management, except Accountants promulgated by the Board of
the financial statements is required,
where those matters relate to questions of Accountancy imposes obligations of confidentiality
communications between the auditor
management competence or integrity. that restrict the auditor’s communications of audit
and those charged with governance
matters of governance interest.
cannot be regarded as a substitute.