1) When auditing a public company, an auditor discovers a significant deficiency in the clients system of internal controls. The auditor must report the significant deficiency:

Group of answer choices

a) In the auditors report on internal controls over financial reporting.

b) In Section 404 documentation.

c) To the audit committee of the board of directors.

d) To the SEC.

2)

The COSO Report identifies 5 components of an entitys internal control. They include all of the following except:

Group of answer choices

a) Control activities.

b) Monitoring.

c) Control risk.

d) Risk assessment.