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    Mark Ong
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    An auditor will often suggest changes to a company's internal controls, policies, and processes when non-compliance is discovered during an audit to ensure the firm follows all standards and regulations. The auditor may share these recommendations with management orally or in a written report, categorizing any issues found as material weaknesses or severe shortcomings depending on their impact. In rare cases, the auditor may advise hiring an outside consultant to address severe non-compliance, and will ask the organization to submit a plan to resolve the issues.

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    An auditor will often suggest changes to a company's internal controls, policies, and processes when non-compliance is discovered during an audit to ensure the firm follows all standards and regulations. The auditor may share these recommendations with management orally or in a written report, categorizing any issues found as material weaknesses or severe shortcomings depending on their impact. In rare cases, the auditor may advise hiring an outside consultant to address severe non-compliance, and will ask the organization to submit a plan to resolve the issues.

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    2 views1 page

    Auditing 20

    Uploaded by

    Mark Ong
    An auditor will often suggest changes to a company's internal controls, policies, and processes when non-compliance is discovered during an audit to ensure the firm follows all standards and regulations. The auditor may share these recommendations with management orally or in a written report, categorizing any issues found as material weaknesses or severe shortcomings depending on their impact. In rare cases, the auditor may advise hiring an outside consultant to address severe non-compliance, and will ask the organization to submit a plan to resolve the issues.

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    An auditor will often offer suggestions to the company on how to address non-

    compliance when it is discovered during an audit. Changes to internal controls, policies,


    and processes may be among the suggestions made in order to guarantee that the firm
    is abiding by all applicable standards, rules, and regulations.

    The recommendations of the auditor may be shared with management orally or in an


    audit report. Depending on the degree of the non-compliance and the effect on the
    organization's financial reporting, the recommendations may be categorized as
    "material weaknesses" or "severe shortcomings."

    In rare circumstances, the auditor might advise hiring an independent consultant or


    expert to deal with the non-compliance issue. Additionally, the organization can be
    asked to submit a plan of action to resolve the non-compliance.

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