During an audit,the auditor may become aware of deficiencies in the internal control functions of a client that may be of interest to the audit committee of the company.

Question

Quizplus · Accepted Answer

The auditor has a responsibility to communicate significant deficiencies or material weaknesses in the internal control of the client to the audit committee. This helps the audit committee to take appropriate actions to improve the system of internal control in the company.

During an Audit,the Auditor May Become Aware of Deficiencies in the Internal