Should an Auditor Communicate the Following Matters to Those Charged

question 883

Multiple Choice

Should an auditor communicate the following matters to those charged with governance of a public entity?

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Benchmark

A standard or point of reference against which things may be compared or assessed.

Agency Problem

A conflict of interest between a company's management and its shareholders, where the management may act in their own best interests rather than those of the shareholders.

Shareholders

Individuals or entities that own shares of stock in a corporation, giving them ownership interests and possibly rights to dividends and voting.