An auditor most likely would be responsible for communicating significant deficiencies in the design of internal control
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Question:
An auditor most likely would be responsible for communicating significant deficiencies in the design of internal control structure A. To the Securities and Exchange Commission when the client is a publicly held entity. B. To specific legislative and regulatory bodies when reporting under Government Auditing Standards. C. To a court-appointed creditors’ committee when the client is operating under Chapter 11 of the Federal Bankruptcy Code. D. To shareholders with significant influence (more than 20% equity ownership) when the significant deficiencies conditions are deemed to be material weaknesses.
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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