Which of the Followings Statements Describes a Best Practice Regarding

question 388

Multiple Choice

Which of the followings statements describes a best practice regarding assurance engagement communication activities?

• A) All assurance engagement observations should be communicated to the audit committee.
• B) All assurance engagement observations should be included in the main section of the engagement communication.
• C) During the "communicate" phase of an assurance engagement, it is best to define the methods and timing of engagement communications.
• D) A detailed escalation process should be developed during the planning stage of an assurance engagement.

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Definitions:

Administrative Agencies

Governmental bodies established to carry out specific laws, conduct oversight, and administer services related to their area of responsibility.

Separation of Powers

A fundamental principle in constitutional law where the government's powers are divided among three branches: legislative, executive, and judicial, to prevent abuse of power.

Congressional Delegation

Congressional delegation refers to the process by which Congress grants specific powers to administrative agencies or the executive branch of government, often seen in the context of regulatory authority.

Core Purpose

The fundamental reason for an organization's existence, beyond just making money, which guides its operations and priorities.