Which of the Following Is Not True

question 28

Multiple Choice

Which of the following is not true?

• A)The auditor should not communicate with management until the audit of internal control over financial reporting is finished.
• B)Written communication between the auditor and management about internal control over financial reporting should include the definitions of control deficiencies, significant deficiencies, and material weaknesses.
• C)The auditor should not include in the audit report that no significant deficiencies were noted during an audit of internal control over financial reporting.
• D)If fraud is discovered, the auditor must report it to the appropriate level of management.

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Definitions:

Sampling Process

The method or procedure used to select a subset of individuals from a population to represent the whole.

Nonsampling Error

Refers to the errors that arise during data collection and processing, which are not related to the act of sampling itself, such as measurement errors, processing errors, and coverage errors.

Wording

The choice of words or phrases in a piece of writing or speech.

Sampling Error

The difference between a population parameter and a sample statistic caused by only observing a subset rather than the whole population.