Which of the Following Must the Auditor Communicate to the Audit

question 72

Multiple Choice

Which of the following must the auditor communicate to the audit committee?

• A)Significant deficiencies and material weaknesses.
• B)Only significant deficiencies.
• C)Only material weaknesses.
• D)Neither significant deficiencies nor material weaknesses.

Recognize the role of auditors in assessing the fair presentation of financial statements.

Distinguish between internal and external users of financial statements and their respective interests.

Grasp the importance of evaluating a company’s past, current, and future performance as well as financial risk.

Understand various tools and methods for financial statement analysis including horizontal and vertical analysis.

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Definitions:

Geographical Boundaries

The defined physical borders or limits of a specific area or region, which can impact social, political, and economic dynamics.

Predominant Religious Groups

The major religious communities that have the largest number of followers or cultural influence in a specific area or globally.

Health Systems

Organized networks of institutions, resources, and people intended to deliver health care services to meet the health needs of target populations.

Public Health Science

The study of protecting and improving the health of populations through research, education, policy, and practice.