Significant Deficiencies in Internal Control Are First Communicated by Auditors

question 68

Multiple Choice

Significant deficiencies in internal control are first communicated by auditors to the:

• A) Australian Securities Industry Commission (ASIC).
• B) chief executive officer.
• C) audit committee.
• D) board of directors.

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Definitions:

Illness

A state of being in poor health or experiencing an ailment, disease, or sickness.

Psychological Disorders

Mental health conditions characterized by changes in thinking, mood, or behavior associated with distress or impaired functioning.

Sick Role Behavior

Those activities undertaken by people who have been diagnosed as sick that are directed at getting well.

Illness Behavior

Those activities undertaken by people who feel ill and who wish to discover their state of health, as well as suitable remedies. Illness behavior precedes formal diagnosis.