ISA265 (1).pdf - ISA ISA 265 March 2009 International Standard on Auditing Communicating Deficiencies in Internal Control to Those Charged with

ISA265 (1).pdf - ISA ISA 265 March 2009 International...

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IS IS ISA 265 265 265 265 March 2009 International Standard on Auditing Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
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1 INTERNATIONAL STANDARD ON INTERNATIONAL STANDARD ON INTERNATIONAL STANDARD ON INTERNATIONAL STANDARD ON AUDITING 2 AUDITING 2 AUDITING 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Communicating Deficiencies in Internal Control to Those Charged with Governance and Communicating Deficiencies in Internal Control to Those Charged with Governance and Communicating Deficiencies in Internal Control to Those Charged with Governance and Management Management Explanatory Foreword Explanatory Foreword The Council of the Malaysian Institute of Accountants has approved this standard in March 2009 for publication. This standard should be read in conjunction with the Preface to Malaysian Approved Standards on Auditing; Preface to International Standards on Quality Control, Auditing, Review, Other Assurance and Related Services; Glossary of Terms and International Framework for Assurance Engagements. The status of International Standards on Auditing is set out in the Preface to Malaysian Approved Standards on Quality Control, Auditing, Review, Other Assurance and Related Services. Applicability Applicability International Standards on Auditing (ISAs) are to be applied in the audit of financial statements under all reporting frameworks. Reporting frameworks are determined by legislation, regulations and promulgations of the Malaysian Institute of Accountants and where appropriate mutually agreed upon terms of reporting. ISAs are to be applied in the audit of historical financial information. Effective Date in Malaysia Effective Date in Malaysia Effective for audits of financial statements for periods beginning on or after January 1, 2010. Reproduction of Full Text of Final IFAC Publication Reproduction of Full Text of Final IFAC Publication Copyright © April 2010 by the International Federation of Accountants (IFAC). All rights reserved. Used with permission of IFAC. Contact [email protected] for permission to reproduce, store or transmit, or to make other similar uses of this document.
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2 INTERNATIONAL STANDARD ON INTERNATIONAL STANDARD ON INTERNATIONAL STANDARD ON AUDITING 2 AUDITING 2 AUDITING 265 COMMUNICATING DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED COMMUNICATING DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED WITH GOVERNANCE AND MANAGEMENT WITH GOVERNANCE AND MANAGEMENT (Effective for audits of financial statements for periods beginning on or after January 1, 2010) CONTENTS CONTENTS CONTENTS Paragraph Introduction Introduction Scope of this ISA .................................................................................................... 1-3 Effective Date ....................................................................................................... 4 Obje je je jective ctive ctive .............................................................................................................. 5 Definition Definitions ............................................................................................................ 6 Requirements Requirements Requirements ........................................................................................................ 7-11 Application and Other Explanatory Application and Other Explanatory Application and Other Explanatory Material Material Material Determination of Whether Deficiencies in Internal Control Have Been Identified ............ A1-A4
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