An auditor has just prepared and sent a letter to management detailing weaknesses in internal control.A copy of this letter should be ________.
A)sent to the client's attorney
B)placed in the permanent file
C)placed in the temporary file, and removed when the client corrects the deficiencies
D)filed with the Securities and Exchange Commission

Question

Quizplus · Accepted Answer

The copy of the letter detailing weaknesses in internal control should be placed in the permanent file as it is considered to be a significant matter that requires documentation for future reference. Sending it to the client's attorney, placing it in the temporary file or filing it with the Securities and Exchange Commission is not necessary.

An Auditor Has Just Prepared and Sent a Letter to Management