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

Question

Quizplus · Accepted Answer

Significant deficiencies and material weaknesses in internal control of a public company must be reported in writing to the audit committee of the company's board of directors, as per the Sarbanes-Oxley Act of 2002. While the other options may also be informed, the audit committee must be notified first.

Significant Deficiencies and Material Weaknesses in Internal Control of a Public