During an external audit of an organization's financial statements. Peter, the external auditor, uncovers significant internal control deficiencies at the audit client's organization. He believes these deficiencies could result in a material misstatement of the financial statements.
Which of the following should Peter do with regard to these findings?
- Peter should make a public announcement that he is withdrawing from the audit engagement.
- Peter should provide a written communication about the findings to those charged with governance.
- Peter should report the findings in writing directly to the appropriate regulatory agencies
- Peter should discreetly work with senior management to correct the underlying internal control deficiencies.
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