This illustrative report has been prepared by the AICPA Stockbrokerage and Investment Banking Expert Panel for a futures commission merchant registered with the CFTC. This report is based on the concepts included in the AU-C Section 265, Communicating Internal Control Related Matters Identified in an Audit.
The audit guidance in this document has been reviewed by the AICPA Audit and Attest Standards staff and Audit Issues Task Force of the AICPA Auditing Standards Board and published by the AICPA and is presumed to be appropriate. This document has not been approved, disapproved, or otherwise acted on by a senior technical committee of the AICPA.