The internal control deficiencies identified in a financial statement audit may be reported in several ways.Which of the following are not appropriate methods of reporting?
A)Significant deficiencies are reported in writing to management.
B)Material weaknesses are reported in writing to the audit committee.
C)Deficiencies that fail to reach the level of significant deficiencies or material weaknesses may be reported to management.
D)Significant deficiencies and material weaknesses are reported in writing to both management and the audit committee.

Question

Quizplus · Accepted Answer

Deficiencies that fail to reach the level of significant deficiencies or material weaknesses should not be reported in writing to the audit committee.

The Internal Control Deficiencies Identified in a Financial Statement Audit