The Auditors' Responsibility to Communicate Findings with Respect to Fraud

question 51

Multiple Choice

The auditors' responsibility to communicate findings with respect to fraud can best be summarized as:

• A)Communicate to the audit committee both material and immaterial amounts of fraud
• B)Communicate to the audit committee both material and immaterial amounts of fraud that are detected
• C)Communicate to the SEC material amounts of fraud
• D)Communicate to the SEC both material and immaterial amounts of fraud that are detected