If the auditor identifies deficiencies in the controls designed to prevent or detect fraud in the audit of internal control over financial reporting,the auditor should
A)conduct additional testing of the controls where the deficiency was found
B)investigate these deficiencies in the financial statement audit
C)gather evidence designed to identify the nature of the possible fraud
D)consider the financial reporting process deficient and adjust the audit opinion accordingly

Question

Quizplus · Accepted Answer

The auditor should investigate deficiencies in the financial statement audit to determine their impact on the financial statements and assess the risk of material misstatement due to fraud.

If the Auditor Identifies Deficiencies in the Controls Designed to Prevent