How must significant deficiencies and material weaknesses be communicated to those charged with governance?
A) Either oral or written communication is acceptable.
B) Oral communication is required.
C) Written communication is required.
D) Written communication is required for material weaknesses, but oral communication is allowed for significant deficiencies.

Question

Quizplus · Accepted Answer

According to auditing standards, both significant deficiencies and material weaknesses must be communicated in writing to those charged with governance. This is considered the best practice to ensure clarity and documentation of the issue. Therefore, choice C is the correct answer.

How Must Significant Deficiencies and Material Weaknesses Be Communicated to Those