(TCO H) Which of the following best describes the responsibility of the auditor with respect to significant deficiencies and material weaknesses in an audit of an issuer?

Must be Communicated to Management and the Audit Committee

Results in an Adverse Opinion of the

Effectiveness of Internal Control

Material weaknesses but not

significant deficiencies

Material weaknesses but not

significant deficiencies

Must be Communicated to Management and the Audit Committee

Results in an Adverse Opinion of the

Effectiveness of Internal Control

Both significant deficiencies and

material weaknesses

Both significant deficiencies and

material weaknesses

Must be Communicated to Management and the Audit Committee

Results in an Adverse Opinion of the

Effectiveness of Internal Control

Material weaknesses but not

significant deficiencies

Both significant deficiencies and

material weaknesses

Must be Communicated to Management and the Audit Committee

Results in an Adverse Opinion of the

Effectiveness of Internal Control

Both significant deficiencies and

material weaknesses

Material weaknesses but not

significant deficiencies