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Vadnais Lake Area Water <br />Management Organization <br />Management Information <br />Required Auditor Documentation <br />• The discussion among engagement personnel in planning the audit regarding the <br />susceptibility of the entity's financial statements to material misstatement due to fraud, <br />including how and when the discussion occurred, the audit team members who <br />participated, and the subject matter discussed. <br />• The procedures performed to obtain information necessary to identify and assess the risks <br />of material misstatement due to fraud. <br />• Specific risks of material misstatement due to fraud that were identified, and a description <br />of the auditor's response to those risks. <br />• If the auditor has not identified in a particular circumstance, improper revenue <br />recognition as a risk of material misstatement due to fraud, the reasons supporting the <br />auditor's conclusion. <br />• The results of the procedures performed to further address the risk of management <br />override of controls. <br />• Other conditions and analytical relationships that caused the auditor to believe that <br />additional auditing procedures or other responses were required and any further responses <br />the auditor concluded were appropriate, to address such risks or other conditions. <br />• The nature of the communications about fraud made to management, the audit committee, <br />and others. <br />4 <br />