FYI ICFR under PCAOB standards Communicating Identified Deficiencies

1. The auditor must communicate (in writing) all material weaknesses identified to management and the audit committee. 2. The auditor must also communicate (in writing) other significant deficiencies identified to the audit committee. 3. The auditor should communicate (in writing) all other identified deficiencies in ICFR to management and inform the audit committee that such a communication has been made. 4. If the auditor concludes that the audit committee's oversight of financial reporting and ICFR is ineffective, he or she must communicate that conclusion in writing to the board of directors.