If the Auditor Uncovers a Misstatement While Conducting Substantive Testing

Multiple Choice

If the auditor uncovers a misstatement while conducting substantive testing:

A) The auditor should refer the misstatement to the internal auditors for further investigation
B) The auditor should report the misstatement to the SEC
C) The misstatement should immediately be reported to senior management
D) The auditor needs to determine if the misstatement provides evidence of a weakness in internal controls.