When communicating with the audit committee and management,
A) only material fraud and illegal acts are required by auditing standards to be communicated.
B) all internal control deficiencies are required by auditing standards to be communicated.
C) the communications should be made in a timely manner to allow those charged with governance to take appropriate actions.
D) all communications with the audit committee and management must be in writing.

Question

Quizplus · Accepted Answer

Auditing standards require that communications with the audit committee and management be made in a timely manner to allow those charged with governance to take appropriate actions.

When Communicating with the Audit Committee and Management