Which of the Following Statements Is Correct Concerning an Auditor's

question 613

Multiple Choice

Which of the following statements is correct concerning an auditor's required communication with those charged with governance?

• A) This communication should include disagreements with management about significant audit adjustments, whether or not satisfactorily resolved.
• B) If matters are communicated in writing, the report is appropriate for general use.
• C) If matters are communicated in writing, the report is required to be distributed to both those charged with governance and management.
• D) This communication is required to occur before the auditor's report on the financial statements is issued.

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A guaranteed payment or financial transaction that is certain to occur.

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A measurement of the likelihood or chance that a certain event will occur, expressed as a number between 0 and 1 (where 1 indicates certainty).

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A measure of satisfaction or happiness that a consumer receives from consuming goods and services.