Which Must Management Communicate to the Audit Committee $\begin{array} { c c c } & \text {Known Material Weakn?esses} & \text { Known Significant Deficiencies } \\\end{array}$

question 18

Multiple Choice

Which must management communicate to the audit committee?
$\begin{array} { c c c } & \text {Known Material Weakn?esses} & \text { Known Significant Deficiencies } \\\end{array}$
A- $\begin{array} { c c c } \quad\quad\quad\text { Yes } &\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad \text { Yes } \\\end{array}$
B- $\begin{array} { c c c }\quad\quad\quad \text { Yes } &\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad \text { No } \\\end{array}$
C- $\begin{array} { c c c } \quad\quad\quad\text { No } & \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text {Yes } \\\end{array}$
D- $\begin{array} { c c c }\quad\quad\quad \text { No } &\quad\quad\quad\quad \quad\quad\quad\quad\quad\quad\quad\quad\quad\text { No }\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

---

Definitions:

Healthy Self-Development

The process of recognizing and realizing one's own abilities, strengths, and potential in a way that contributes to personal well-being and growth.

Procrastination

The action of delaying or postponing tasks, often leading to stress, anxiety, and reduced productivity.

Underutilization

Refers to the failure to use something or someone to its fullest potential or capacity, often resulting in wasted resources or talents.

Time

A continuous, measurable sequence of events moving from past through present to future.