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The written communication should include the following items:

 Definitions of material weakness and significant deficiency

 Description of significant deficiencies and material weaknesses and their potential effects

 Information that enables those charged with governance and management to understand the context of the communications, particularly statements that:The auditor is expressing an opinion on the financial statements.The audit included consideration of internal control in order to design audit procedures, not for the purpose of expressing an opinion on internal control.The auditor is not expressing an opinion on the effectiveness of internal control.The auditor’s consideration of internal control may not identify all significant deficiencies or material control weaknesses.

 An appropriate alert in accordance with AU-C 905, Alert That Restricts the Use of the Auditor’s Written Communication

(AU-C 265.14)

The content of the communication can contain additional topics, such as recommendations for improvement in such areas as administrative or operational efficiency, as well as less than significant deficiencies or immaterial weaknesses. (AU-C 265.A30) The auditor may also note the general inherent limitations of internal control, including the possibility of management override of those controls. It may also be acceptable to specifically describe the extent of the auditor’s consideration of internal control. (AU-C 265.A31)

The auditor may be asked to issue a communication indicating that no material weaknesses were identified, which then would be submitted to governmental authorities. The “AU-C 265 Illustrations” section contains a sample communication that may be used.