Integrated Audits | Communication of Control Deficiencies | CPA AUD Exam

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Are you preparing for the audit section of the CPA exam and feeling overwhelmed by the topic of integrated audits? Don't worry, we've got you covered!

In this video, we will explore the world of control deficiencies, taking you on a journey to understand the different types of deficiencies that can be found in a company's internal control system. We'll show you how auditors identify and report control deficiencies, and how they can have a significant impact on a company's financial reporting and operations.

We'll use real-life examples of common control deficiencies to help you understand the concepts better and share some tips on how companies can improve their internal control systems to prevent deficiencies from occurring.

So, whether you're studying for the audit section of the CPA exam, working as an auditor, or are still in college, this video will help you thoroughly understand the differences in control deficiencies, significant deficiencies, and material weaknesses.