ACCA AAA ^INT Syllabus A. Regulatory Environment - How to Report on Non-Compliance - Notes ^{3 / 4}

This should happen without delay, and make appropriate reports, as set out below:

THOSE CHARGED WITH GOVERNANCE

• If the auditors suspect non-compliance with laws and regulations

• Communicate to audit committee

• Consider the need for legal advice

SHAREHOLDERS

• Only if it causes FS to not give a true and fair view or there is a fundamental uncertainty

• Report in usual way (See reporting section)

REGULATORY AUTHORITIES

• Auditor decides if there's a responsibility to report to parties outside the entity