...has a responsibility to consider an entity's internal control structure and to inform management of significant deficiencies in the design or operation of the internal control structure. Moreover, the independent auditor generally provides suggestions for corrective actions. Further, bank...

...second new standard, SAS 60, requires auditors to communicate to management and the audit committee significant deficiencies in the design or operation of the internal control structure, 6/ £/ SAS 55. £/ Under SAS 60, reportable conditions are defined as those matters coming to the auditor's...

...an opinion on the internal control structure taken as a whole or on any of the control categories. We noted certain matters involving the internal control...that, in our judgment, could adversely affect the organization's ability to record, process, summarize, and report financial data consistent with the...

...disclose all matters in the internal control structure that might be considered reportable conditions. Reportable conditions involve matters coming to our...structure that, in our judgment, could adversely affect an organization's ability to record, process, summarize, and report financial data consistent with...

...reportable condition. Conditions Reportable conditions involve matters coming to our attention relating l to significant deficiencies in the design or operation...structure that, in our judgment, could adversely affect an organization's ability to record, process, summarize, and report financial data consistent with...

...Reportable conditions Involve matters corntit to our attention relating to significant efficiencies in the design or operation of the internal control...our judgment, could adversely affect the entity's »büity to record, process, summarize, and repon financial data consistent with the assertion» of...

...audit tests to be performed. The independent auditor is obligated to report matters that represent significant deficiencies in the design or operation of the internal control structure which could adversely affect the organization's ability to record, process, summarize, and report financial...

...purpose described in the first paragraph, would not necessarily disclose all reportable conditions. Reportable conditions involve matters, coming to our...that, in our judgment, could adversely affect the company's ability to record, process, summarize and report financial data consistent with the assertions...

...audit, and are required to report certain of those matters. Matters that are required to be reported are significant deficiencies in the design or operation of the internal control structure that, in the auditor's judgment, could adversely affect the organization's ability to record, process, summarize...

...Purchase and Redemption Cycle. 4. Financial Reporting Cycle For all of the internal control structure categories listed above, we obtained an understanding...operation of the internal control structure that, in our judgement, could adversely affect the entity's ability to record, process, summarize, and report financial...