The CPA Canada Handbook section "CAS 265: Communicating Deficiencies in Internal Control to Those Charged with Governance and Management" requires that ________.
A)all misstatements are communicated to management in writing
B)all significant control deficiencies and other deficiencies the auditor deems of sufficient importance,should be communicated to management
C)only serious control risks uncovered are communicated to management in writing
D)only frauds and illegal acts are communicated to management

Question

Quizplus · Accepted Answer

According to CAS 265, all significant control deficiencies and other deficiencies the auditor deems of sufficient importance should be communicated to both those charged with governance and management. This includes deficiencies in design, implementation, and operation of internal control, as well as any fraud or illegal acts that are identified during the audit. The auditor should communicate these deficiencies in writing and discuss them with the appropriate parties to ensure they are addressed in a timely manner.

The CPA Canada Handbook Section "CAS 265: Communicating Deficiencies in Internal