Internal financial controls: auditors must report on existence and operating effectiveness for upcoming financial years; voluntary earlier inclusion allowed. Auditors must state in their audit reports the existence of an adequate internal financial controls system and its operating effectiveness for financial years commencing on or after the effective date; auditors may voluntarily include that statement for the transitional earlier financial year prior to that effective date.
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Provisions expressly mentioned in the judgment/order text.
Internal financial controls: auditors must report on existence and operating effectiveness for upcoming financial years; voluntary earlier inclusion allowed.
Auditors must state in their audit reports the existence of an adequate internal financial controls system and its operating effectiveness for financial years commencing on or after the effective date; auditors may voluntarily include that statement for the transitional earlier financial year prior to that effective date.
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