Issues that the auditor finds, such as weaknesses in internal controls, are provided to the organisation by way of a management letter. The following should be considered in relation to the management letter:
- If there are a number of issues or if the issues are complex in nature, the auditor should meet with the board to discuss the issues;
- The board needs to understand the issues raised;
- The board should consider each of the issues and prioritise the list in order of importance so as to ensure the issues raised are corrected;
- The board should work with management to ensure issues raised are corrected within a reasonable time frame.