Did you know…
In an engagement related to a nonissuer, an auditor discovers several significant deficiencies in internal control, one of which is deemed to be a material weakness.
1 scenario – If internal control was evaluated as part of an audit, the auditor must restrict use of the report on internal control.
2 nd scenario – If internal control was evaluated as part of a separate engagement to examine internal control, it is not necessary to restrict use of the report on internal control.
Good luck 🙂