Cyber Monday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

AICPA Exam CPA-Auditing Topic 3 Question 59 Discussion

Actual exam question for AICPA's CPA-Auditing exam
Question #: 59
Topic #: 3
[All CPA-Auditing Questions]

Which of the following best describes an auditor's responsibility with respect to communicating internal control deficiencies of issuers?

Show Suggested Answer Hide Answer
Suggested Answer: B

Choice 'b' is correct. The auditor is required to communicate all deficiencies in internal control to management, and deficiencies that constitute a significant deficiency or a material weakness to management and the audit committee.

Choice 'a' is incorrect. There is no requirement that material weaknesses be communicated to the full board of directors.

Choice 'c' is incorrect. The auditor is required to communicate all deficiencies in internal control to management.

Choice 'd' is incorrect. The auditor is also required to communicate significant deficiencies to management and the audit committee.


Contribute your Thoughts:

Currently there are no comments in this discussion, be the first to comment!


Save Cancel
az-700  pass4success  az-104  200-301  200-201  cissp  350-401  350-201  350-501  350-601  350-801  350-901  az-720  az-305  pl-300  

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77