NFRA held that weak, undocumented communication between auditors and governance bodies violates auditing standards and governance duties, requiring structured two-way ...

The case highlights how inadequate communication between auditors and those charged with governance violates auditing standards. The key takeaway is that timely, documented, and two-way communication ...

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. Audit partners who issue adverse internal control opinions are ...