With whom should the auditor communicate whenever he or she determines that senior management fraud may be present, even if the matter might be considered inconsequential?
A) PCAOB
B) audit committee
C) an appropriate level of management that is at least one level above those involved
D) the internal auditors

Question

Quizplus · Accepted Answer

The auditor should communicate with the audit committee when they determine that senior management fraud may be present, regardless of the perceived inconsequential nature of the matter. This is because the audit committee is responsible for overseeing the financial reporting process and ensuring the integrity of the company's financial statements, making them the appropriate body to be informed of such issues.

With Whom Should the Auditor Communicate Whenever He or She