Which of the Following Is Not a Typical Communication Between

question 22

Multiple Choice

Which of the following is not a typical communication between the auditor and the audit committee?

• A)The auditor should clearly communicate the auditor's responsibility under Generally Accepted Auditing Standards (GAAS).
• B)The auditor should clearly communicate the planned scope of the audit engagement with the audit committee and discuss its adequacy.
• C)The auditor and management should discuss issues related to the retention of both client staff and audit firm staff during the period of audit.
• D)All major accounting disagreements with management,even if eventually resolved,should be discussed with the audit committee.

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Definitions:

Representationally Faithful

An attribute of financial information that suggests the data accurately reflects the economic transactions and events it purports to represent.

Faithful Representation

A qualitative characteristic of financial information that ensures all figures are complete, neutral, and free from material error.

Neutral

A term often used in analysis or discussions to indicate a position or opinion that is unbiased or not leaning towards any particular side or outcome.

Error

A mistake in the collection, recording, or analysis of data, often leading to incorrect results or conclusions.