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Communication of Significant Deficiencies and Material Weaknesses Prior to the Completion of the Compliance Audit for Participants in Office of Management and Budget Single-Audit Pilot Project (Issued November 1994; Revised March 2010; January 2012, Effective for Audits of Financial Statements for Periods Ending on or after December 15, 2012)

Section 265 permits an auditor to communicate deficiencies and material weaknesses in writing to management before completing a financial statement audit, and this also applies to a compliance audit.

Communication of Significant Deficiencies and Material Weaknesses Prior to the Completion of the Compliance Audit for Auditors That Are Not Participants in Office of Management and Budget Pilot Project (Issued November 2009; Revised March 2010; January 2012, Effective for Audits of Financial Statements on or after December 15, 2012)

If the auditor decides to communicate with management regarding any significant deficiencies or material weaknesses in internal control, he or she may do so using the guidelines in Section 265, Communicating Internal Control Related Matters Identified in an Audit.

Appropriateness of Identifying No Significant Deficiencies or No Material Weaknesses in an Interim Communication (Issued November 2009; Revised March 2010; January 2012, Effective for Audits of Financial Statements for Periods Ending on or after December 15, 2012)

In the scenarios in these interpretations, the auditor should not issue a written communication stating that no significant deficiencies were identified during an audit as of an interim date, only at the end of an audit.