If the Auditor Uncovers a Misstatement While Conducting Substantive Testing

question 64

Multiple Choice

If the auditor uncovers a misstatement while conducting substantive testing:

• A)The auditor should refer the misstatement to the internal auditors for further investigation
• B)The auditor should report the misstatement to the SEC
• C)The misstatement should immediately be reported to senior management
• D)The auditor needs to determine if the misstatement provides evidence of a weakness in internal controls.