ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam CFE-Fraud-Prevention-and-Deterrence Question # 45 Topic 5 Discussion

ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam CFE-Fraud-Prevention-and-Deterrence Question # 45 Topic 5 Discussion

CFE-Fraud-Prevention-and-Deterrence Exam Topic 5 Question 45 Discussion:
Question #: 45
Topic #: 5

During an external audit of an organization's financial statements. Elena, the external auditor, uncovers significant internal control deficiencies at the audit client's organization. She believes these deficiencies could result in a material misstatement of the financial statements. Which of the following should Elena do with regard to these findings?


A.

Elena should suspend the audit and begin a new audit focused on the internal controls


B.

Elena should report the findings in writing to the appropriate law enforcement agencies.


C.

Elena should provide a written communication about the findings to senior management.


D.

Elena should work independently to correct the underlying internal control deficiency.


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