Report under PCAOB

This topic has 1 reply, 2 voices, and was last updated 5 years, 9 months ago by Adam.

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July 21, 2018 at 9:08 pm #1893108

jingsf19
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Hi there,

When an issuer’s internal control has a material weakness, but the financial statements are good, free from errors, what report we should issue?? Thank you.

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July 21, 2018 at 11:05 pm #1893186

Adam
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Unqualified..if the numbers are good the numbers are good. I don't do Pcaob audits so could be wrong..but your job as an auditor isnt to test controls only the accuracy of F/S. Control risk is only used in planning of the audit.
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