Annual Audit Manual
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2385 Communication
Jun-2018
In This Section
Overview
This section discusses:
- Communication
OAG Guidance
Group and component / statutory team, use the SSC memorandum on examination report to enable them to conclude upon the design and operating effectiveness of the population of relevant controls operating in the SSC. Incorporate the information appended to the report into the group or component / statutory audit documentation as required documentation of the understanding of the controls (CAS 315 minimum requirement), testing of their operating effectiveness and documentation of substantive tests of details as appropriate. The documentation may also include items discussed in planning and scoping the SSC audit work.
Upfront collaboration and sharing of information during planning among the group, component/statutory and SSC engagement teams facilitates the group engagement team’s ability to provide more detail on the exact nature, timing, and extent of the specified procedures to be performed at the SSC. To the extent the details of this planning and scoping are documented in the formalized instructions, it may be possible to simplify the SSC report to include results and findings only.
The flowcharts below outlines the steps that would be included for the planning, executing, and reporting the SSC audit work.
Scoping
It is important to recognize the importance of collaboration between all parties affected by the SSC audit work throughout the audit process. For example, while the group engagement team may take primary responsibility for planning procedures on behalf of component engagement teams, iterative communication between the group, SSC and component engagement teams would still be necessary to clarify the scope of work to be performed and determine that the evidence to be obtained will be sufficient both for group and statutory reporting purposes.