who should an audit report be addressed to
Auditor's report The auditor's report on the financial statements typically provides very limited details on the procedures and findings of the audit. In contrast, auditors provide much more detail to the board of directors or to the audit committee of the board. Beginning in 2002, many countries have tasked the audit committee with primary responsibility over the audit.[10] For example, in the United States, section 204 of the Sarbanes-Oxley Act passed in 2002[11] required auditors to communicate certain information to audit committees, which were required to be entirely independent, and also made the audit committee responsible for the auditor's hiring.[12] In August 2012, the U.S. Public Company Accounting Oversight Board finalized Auditing Standard No. 16,[13] which requires additional communications to the audit committee.[14]
Insurance Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Charles Dudley Warner Everybody complains about the weather, but nobody does anything about it.[4]
Summary judgment Where appropriate, a court may award judgment summarily upon fewer than all claims. This is known as "partial summary judgment".