SA 265: Communicating Deficiencies in Internal Control to those Charged with Governance and Management

This Standard on Auditing deals with the auditor’s responsibility to communicate appropriately to those charged with governance and management deficiencies in internal control that the auditor has identified in an audit of financial statements. It defines the terms “Deficiency in internal control” and “Significant deficiency in internal control”. This Standard also deals with the aspects like determination of whether deficiencies in internal control
have been identified, whether it is significant deficiencies in internal control and communicating deficiencies in
internal control. This standard somehow supplements the concept of ‘Letter of Weakness.