AUD - 암기해야 할 F/S (11) Issuer: Separate Report on Internal Control

1. Addressee: shareholders and BOD
2. Report of Independent Registered Public Accounting Firm
3. Opinion on the Internal Control over Financial Reporting
   1. 한 문단에 쓰되
   2. we have audited the company's internal control over finanical reporting as of YE,
   3. based on [control criteria like COSO]
   4. In our opinion, the Company maintain, in all material respects, effective internal control over financial reporting as of YE, based on COSO
   5. 문단 띄우고
   6. we have also audited, in accordance with PCAOB standards, the f/s and our report dated DDMMYYYY expressed [opinion nature]
4. Basis for Opinion
   1. 이 f/s들이랑 effective ICFR, assessment of the effectiveness of ICFR은 경영진의 책임이에요
   2. 우리 책임은 감사해서 ICFR에 의견을 주는 거고요
   3. 우리는 PCAOB에 등록된 애들이고 관련 법령에 의거해서 독립이어야 하는데요
   4. 우리는 PCAOB standards에 따라서 감사했어요
   5. 그 standards는 우리더러 effective ICFR이 in all material respects 유지되고 있는지 reasonable assurance를 얻으라고 하고 있죠
   6. 문단 띄우고
   7. 우리의 ICFR 감사에는 obtaining an understanding of ICFR, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of IC based on the assessed risk가 포함되어 있어요
   8. 상황에 따라 필요하다고 생각되는 다른 절차를 밟기도 했고요
   9. 우리의 감사가 이 의견을 표명하는 데 reasonable basis를 제공한다고 믿어요
5. Definition and Limitations of Internal Control over Financial Reporting
   1. ICFR이란 reliability of financial reporting 과 외부에 쓸 목적으로 GAAP에 따라 작성하는 financial statements preparation 에 대해 reasoable assurance를 제공하도록 설계된 프로세스인데요.
   2. ICFR에는 이러이러한 policies and procedures가 포함되어요
      1. the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets 
      2. provide reasonable assurance that transactions are recorded as necessary to permit preparation of f/s in accordance with GAAP
      3. and the receipt and expenditures are being made only in accordance with auth of mgmt and directors of the company
      4. provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on f/s
      5. 문단 띄우고
      6. because of its inherent limitations, ICFR may not prevent or detect misstatements
      7. Projections of an evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions,
      8. or that the degee of compliance with the policies or procedures may deteriorate
6. signature / year / city and state / report date