Significant Deficiencies and Material Weaknesses in Internal Control of a Public

question 62

Multiple Choice

Significant deficiencies and material weaknesses in internal control of a public company must be reported in writing to which of the following?

• A)Public Company Accounting Oversight Board
• B)Members of management who are responsible for the related area of the company
• C)Audit committee of the company's board of directors and to management
• D)AICPA

---

Definitions:

Lawrence Kohlberg

A psychologist known for his theory of stages of moral development, which outlines how people evolve in their ethical reasoning.

Moral Reasoning

The process by which individuals make decisions about what is right and wrong based on personal, societal, and ethical criteria.

Prejudice

An unjustified or incorrect attitude (usually negative) towards an individual based solely on the individual's membership in a social group.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.