Which of the Following Matters Is an Auditor Required to Communicate

question 74

Multiple Choice

Which of the following matters is an auditor required to communicate to those charged with governance?

• A)The basis for assessing control risk at low.
• B)The disagreements with management, if any.
• C)The auditor's preliminary judgments about materiality levels.
• D)The justification for performing substantive procedures at interim dates.

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Definitions:

Social Audit

A formal review of a company's endeavors, structures, and procedures to evaluate its impact on social, ethical, and environmental issues.

Social Issues

Problems that affect many individuals within a society, relating to matters such as inequality, poverty, and environmental degradation.

Philanthropy

The act of donating money, goods, services, or time to support a charitable cause or contribute to the welfare of others.