Avoiding compliance issues with auditor reports

The author has read numerous auditor’s reports in recent years, issued by firms of all sizes, all of which were signed and dated, representing to have conducted audit(s) in accordance with GAAS. Those readings reveal numerous compliance issues with the language used in auditor reports. Furthermore, our continuing review of Peer Review Matters for Further Consideration (MFCs) indicates that AU-C 700 remains a top 10 AU-C section when it comes to peer review MFCs. Similarly, AU-C 705 is frequently cited