AU-C 560 and AS 2905 State the First Step When

Multiple Choice

AU-C 560 and AS 2905 state the first step when responding to subsequently discovered facts is to_______.

A) discuss the matter with the appropriate level of management and, if appropriate, those charged with governance
B) discuss the matter with the appropriate level of management rather than those charged with governance
C) issue a disclaimer of opinion, to avoid liability
D) immediately notify the board of directors, and request the internal audit function investigate accordingly