Professional Standards Require the Auditor to Communicate Certain Matters Pertaining

question 14

Multiple Choice

Professional standards require the auditor to communicate certain matters pertaining to the audit to those who have responsibility for overseeing the financial reporting process. This communication would normally include all of the following except:

• A) the auditor's responsibility under GAAS.
• B) specific audit procedures performed.
• C) significant audit adjustments.
• D) difficulties encountered in performing the audit.
• E) significant accounting policies.

---

Definitions:

Mediator

A neutral third party who facilitates negotiation and attempts to help disputing parties reach a mutually acceptable agreement, without having the power to impose a solution.

Corporate Campaigns

Strategies used by labor unions or activist groups to pressure a company into changing its practices, often involving public relations efforts.

Intermittent Strikes

A labor strategy where workers strike periodically and unpredictably to exert pressure without completely halting operations.

Railway Labor Act

A U.S. federal law passed in 1926 that governs labor relations in the railway and airline industries, aiming to avoid service disruption and ensure workers' rights.