Significant deficiencies and material weaknesses must be communicated to an entity's audit committee because they represent a.
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Significant deficiencies and material weaknesses must be communicated to an entity's audit committee because they represent
a. Materials fraud or illegal acts perpetrated by high-level management.
b. Disclosures of information that significantly contradict the auditor's going concern assumption.
c. Significant deficiencies in the design or operation of internal control.
d. Potential manipulation or falsification of accounting records.
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Related Book For
Auditing And Assurance Services A Systematic Approach
ISBN: 9780073337203
5th Edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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