An audit engagement letter sets forth the auditor's responsibility for confirming its responsibility to provide written communications to the client company for each of the following items except:

\begin{array}{|l|l|l|}\hline&\text { Communication }\\&\text { provided to: }&\text { Subject matter: } \\\hline \text { (a) } & \begin{array}{l}\text { Management and }\\\text { the shareholders }\end{array} & \begin{array}{l}\text { All internal control deficiencies identified during }\\\text { the audit and not previously communicated. }\end{array} \\\hline \text { (b) } & \text { Shareholders } & \begin{array}{l}\text { All adjustments required to correct the financial } \\\text { statements }\end{array} \\\hline \text { (c) } & \begin{array}{l}\text { Management and } \\\text { the audit committee }\end{array} & \begin{array}{l}\text { All significant deficiencies and material } \\\text { weaknesses in ICFR identified during the audit. }\end{array} \\\hline \text { (d) } & \text { Board of directors } & \begin{array}{l}\text { The auditor's overall conclusions concerning the } \\\text { effectiveness of financial oversight and ICFR. }\end{array} \\\hline\end{array}

Independence Issues That Would Preclude an Audit Firm from Proposing

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