text: Although the following standard on reporting on compliance with laws and regulations and on internal control over financial reporting is applicable to audits of financial statements , the requirement to report deficiencies in internal control ( see paragraphs 5.11 through 5.15 ) and reporting fraud , illegal acts , and other noncompliance ( see paragraphs 5.16 through 5.26 ) is applicable to all financial audits .
  
  ###
  
  Reporting helps to keep the standards relevant when doing financial audits .