Your answer is incorrect.

As the audit of Lily Enterprises draws to a conclusion, the audit partners with responsibility for the engagement are

meeting to discuss significant audit matters. One of the partners mentions the noted deficiencies in the client's system

of internal control. The most appropriate way for the auditor to communicate such deficiencies is through which of the

following?

The auditor should communicate significant deficiencies in the client's system of internal control through the

engagement letter, detailing recommendations to fix the issues noted.

The auditor should prepare a formal written document which is delivered to the head of the internal audit

function.

Generally accepted auditing standards require the auditor to notify the audit committee of all deficiencies

within ten business days.

The auditor should communicate significant deficiencies in the client's system of internal control to those

charged with governance through a formal management letter.