SA 260

‪#‎Audit‬ Updates

‪#‎SA260‬ says that it is related to communication of auditor with ‪#‎TCWG‬ and not with management. So SA 260 specifically guides what to communicate when to communicate with TCWG. Now in some organisations TCWG and management are same. They only work and they only supervise. So TCWG = Management. Then in such case are we still suppose to communicate, or management must be aware about all things, no need to have again communication??? Answer is as per SA 260 if both are same we have to do all communications as required by standard with Management only which is even TCWG. But communication is must we cannot ignore, even if both are same. Be careful, else it will lead to deviation from requirement of SA 260.

CA Ravi Taori