CAQ: Control deficiencies not CAMs, but could be tied to one

A significant deficiency in internal control over financial reporting will not automatically constitute a critical audit matter that auditors will have to disclose under a new auditing standard, but it could suggest auditors will disclose a CAM related to the underlying accounting, said the Center for Audit Quality.

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.