The CPA Canada Handbook Section "CAS 265: Communicating Deficiencies in Internal

question 17

Multiple Choice

The CPA Canada Handbook section "CAS 265: Communicating Deficiencies in Internal Control to Those Charged with Governance and Management" requires that ________.

• A)all misstatements are communicated to management in writing
• B)all significant control deficiencies and other deficiencies the auditor deems of sufficient importance,should be communicated to management
• C)only serious control risks uncovered are communicated to management in writing
• D)only frauds and illegal acts are communicated to management

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Definitions:

Standing Room

Areas in a venue, such as a theater or sports arena, where spectators stand to watch the event, typically at a lower cost than seated tickets.

Rush Ticket

Discounted tickets offered for a performance, typically on the day of the event, aiming to ensure fuller attendance.

Montreal Canadiens

A professional ice hockey team based in Montreal, Quebec, known for its rich history and numerous Stanley Cup championships.

Time Poverty

The feeling of having insufficient time to accomplish all of one's tasks, leading to stress and a lower quality of life.