Auditing Question- due 8/12/15 @ 2:00 EST

Complete the following items.Write brief summary of the ISA 265: “Communicating deficiencies in internal control to those charged with governance and management.” Your answer should include discussion of the following:Classification and definitions of control deficiencies.Auditors’ responsibilities in detecting and reporting internal control deficienciesKey factors used to determine internal control significant deficienciesKey elements of auditors’ written communication of significant deficienciesWrite brief summary of the ISA 240: “The auditor’s responsibilities relating to fraud in an audit of financial statements.” Your answer should include discussion of the following:Characteristics of fraudManagement’s responsibilities for preventing and detecting fraudAuditor’s responsibilities for detecting fraudAudit procedures required for auditing fraud in the financial statements