Reporting significant control deficiencies in writing to TCWG.
To communicate, in writing, significant deficiencies in internal control identified during the audit, to TCWG (and management).
SA 265 sits in the Concluding phase of the audit. The Standards on Auditing are issued by the ICAI Auditing and Assurance Standards Board (AASB) and deemed to be prescribed by the Central Government under Section 143(10) of the Companies Act 2013. Compliance with SAs is mandatory for every audit conducted by a Chartered Accountant in India.
For authoritative text, refer to the ICAI AASB Compendium of Standards on Auditing at icai.org.
Editable, letterhead-ready formats that put SA 265 into practice — built from the ICAI working-paper set, free to download.
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SA 265 — Communication of Internal Control Deficiencies — is a Standard on Auditing issued by the ICAI Auditing and Assurance Standards Board. Reporting significant control deficiencies in writing to TCWG. To communicate, in writing, significant deficiencies in internal control identified during the audit, to TCWG (and management).
Yes. Standards on Auditing are deemed to be prescribed under Section 143(10) of the Companies Act 2013, and ICAI members must comply with them in every audit of historical financial information. Non-compliance must be justified and can attract professional consequences in peer review, NFRA inspection, and disciplinary proceedings.
Documentation sufficient for an experienced auditor with no previous connection to the audit to understand what was done and why (SA 230). For SA 265 in the concluding phase, that means evidencing: Determination of which deficiencies are "significant"; Written communication to TCWG of significant deficiencies on a timely basis; Communication to management of other deficiencies of sufficient importance.
