Business and Personal Finance Dictionary

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• SIGNIFICANT FINDINGS OR ISSUES
  
  Substantive matters that are important to the procedures performed, evidence obtained, or conclusions reached and include but are not limited to: 1. significant matters 2. results of auditing procedures indicating a need for significant modification of planned auditing procedures 3. audit adjustments 4. disagreements among members of the engagement team 5. circumstances that cause difficulty in applying auditing procedures 6. significant changes in the assessed level of audit risk 7. matters that could result in modification of the auditor's report
  
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