The Auditors' Responsibility to Communicate Findings with Respect to Fraud

Multiple Choice

The auditors' responsibility to communicate findings with respect to fraud can best be summarized as:

A) Communicate to the audit committee the existence of fraud but not the amount involved
B) Communicate to the appropriate level of management both material and immaterial amounts of fraud that are detected
C) Communicate to the SEC the existence of fraud but not the amount involved
D) Communicate to the SEC both material and immaterial amounts of fraud that are detected