Which of the Following Is Correct with Respect to Control

question 68

Multiple Choice

Which of the following is correct with respect to control deficiencies discovered during an audit?

• A)Auditors must communicate and recommend corrections relating to all material weaknesses in internal control to management.
• B)All material weaknesses in internal control must be reported to the audit committee in writing.
• C)All such matters must be communicated to the audit committee and regulatory agencies.
• D)All control deficiencies are also significant deficiencies.

---

Definitions:

Small-Business Owners

Small-business owners refer to individuals who own and operate businesses that are typically defined by small scale, local operation, and less revenue compared to larger corporations.

Corruption Perceptions Index

An index published by Transparency International that ranks countries by their perceived levels of public sector corruption as seen by experts and businesspeople.

Somalia

A country located on the Horn of Africa, known for its extensive coastline and history of maritime commerce.

Afghanistan

A landlocked country located in South Asia and Central Asia, known for its complex history of conflicts and strategic importance.