Documentation of instances of materia l 1 non-compliance with any legal requirements and instances where reports or statements were not filed. A statement of the auditor's opinion on whether the information contained in the filings is presented fairly and in conformity with legal requirements. Relevant explanations made by filers and, if appropriate, the auditor's comments on those explanations. Preparation, review, and processing procedures should be applied to produce reports that contain no omissions of material findings or errors of fact, logic, or reasoning. Findings will be presented in an objective and unbiased manner and should include sufficient information to provide readers with proper perspective.
Material means having significant importance.