Unresolved MWs 2065
DSL last edited by
What are the ramifications of a material weakness not being resolved by the next year’s mgmnt assessment? Other than tone at the top issue? SEC involvement?
EMM last edited by
There is a whole audit standard devoted to such cases (56 pages).
Have a look at
and look for AS 4 under their standards section :Reporting on whether a previously reported material weakness continues to exist.
THis should provide you with everything you need to know