Under the Private Securities Litigation Reform Act (PSLRA), if an auditor concludes that an illegal act with a material effect on the financial statements has been reported to, but not dealt with by senior management, the auditor should next report his/her conclusions to:
A. The office of the controller/comptroller for the appropriate state
B. The Securities and Exchange Commission
C. The company's board of directors
D. The Federal Bureau of Investigation
Answer: C
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