Which is not part of the required links of the chain of command that the controller should follow to inform of a material misstatement in the financial statements?
A) Audit Committee of Board of Directors
B) CEO
C) External auditor
D) CFO

Question

Quizplus · Accepted Answer

The external auditor is not a part of the company's chain of command and should not be informed directly by the controller. The controller should report any material misstatements to the CFO, who then informs the CEO and the audit committee of the Board of Directors. The external auditor is informed by the audit committee, not the controller.

Which Is Not Part of the Required Links of the Chain