Significant matters identified as a result of audit procedures often include those relating to the internal control structure that the auditor feels would be of particular interest to:
A) the audit committee.
B) the CEO.
C) the regulators.
D) the accounting staff

Question

Quizplus · Accepted Answer

Significant matters identified during an audit, especially those related to the internal control structure, are typically of particular interest to the audit committee. The audit committee is responsible for overseeing the financial reporting and disclosure process, which includes understanding and monitoring the internal control structure.

Significant Matters Identified as a Result of Audit Procedures Often