Which of the Following Is True Regarding Significant Deficiencies in Internal

question 301

Multiple Choice

Which of the following is true regarding significant deficiencies in internal control?

• A) Auditors must search for them.
• B) Auditors must communicate them to management and to those charged with governance.
• C) They must be included in the financial statements.
• D) They must be disclosed in footnotes.

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Definitions:

Age-Nearest Sibling

Refers to the sibling closest in age to another sibling, indicating proximity in birth order.

Favorite Television Program

A TV show that is particularly liked or preferred above others by an individual.

Lonely

A feeling of sadness or isolation due to a lack of friends, companionship, or social interaction.

Rejected

Describes a situation or outcome where an offer, proposal, or individual is not accepted or deemed unsuitable.