Which of the Following Facts Should Be Communicated by the Auditor

question 37

Multiple Choice

Which of the following facts should be communicated by the auditor to the audit committee?

• A)The auditor's responsibilities under GAAP.
• B)All significant audit adjustments.
• C)Significant accounting policies.
• D)All are required communications.

---

Definitions:

Values

Fundamental beliefs or standards that guide behavior and decision-making in individuals or organizations.

Weak Organizational Culture

A situation where an organization's values, beliefs, and behaviors are not strongly shared or practiced among its members, leading to lack of unity and direction.

Subculture Elitism

The belief or attitude that one's own subculture is superior to others, often leading to exclusivity and discrimination.

Warfare among Subcultures

The conflicts or competition occurring between different subgroups within a broader culture, often marked by differing values or beliefs.