Dan and Lisa are discussing the management letter which is soon to be sent by their audit firm to a client that they are wrapping up the audit of. Dan and Lisa are curious to understand when a weakness would be considered sufficient to communicate with management, and ask you, the audit manager. Your most appropriate response to this question would be which of the following? Generally accepted auditing standards set forth very clear guidelines on when an auditor should communicate or not communicate a weakness. The best advice is just to follow these guidelines. The determination as to whether a weakness should be communicated to management is a more subjective one, and relies on the auditors' professional judgment. In order to avoid litigation to the greatest extent possible, external auditors routinely communicate all weaknesses regardless of magnitude or pervasiveness to management. None of these answer choices are correct