Which of the Following Statements Is Correct Concerning Significant Deficiencies

question 429

Multiple Choice

Which of the following statements is correct concerning significant deficiencies in internal control with respect to an audit of a nonissuer?

• A) An auditor is required to search for significant deficiencies during an audit.
• B) All significant deficiencies are also considered to be material weaknesses.
• C) An auditor may communicate significant deficiencies during an audit or after the audit's completion.
• D) An auditor may report that no significant deficiencies were noted during an audit.

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