Which of the Following Items Should an Auditor Communicate to an Audit

question 125

Multiple Choice

Which of the following items should an auditor communicate to an audit committee?

• A)Any meaningful threats to auditor objectivity.
• B)The scope of the audit.
• C)The qualitative aspects of the entity's accounting and reporting and potential ways of improving financial reporting.
• D)All of the above.

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Definitions:

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors with the same amount of resources.

Microchips

Small semiconductor devices containing integrated circuits used in electronic devices for processing, memory, or other functions.

Trade

The action of buying, selling, or exchanging goods and services between people or countries.

Malaysia

A country located in Southeast Asia, known for its diverse culture, vibrant economy, and as a hub for tourism, manufacturing, and technology.