The Auditor Learned the Following in the Course of an Audit

question 2

Multiple Choice

The auditor learned the following in the course of an audit engagement. Which of the items, discovered by the auditor, need NOT be communicated to the audit committee?

• A) The theft of several items of inventory by warehouse employees.
• B) Management's significant accounting policies.
• C) Significant audit adjustments recommended by the auditors.
• D) All of these items should be communicated to the audit committee.

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Definitions:

In-depth Interview

A qualitative research method that involves conducting intensive individual interviews with a small number of respondents to explore their perspectives on a particular idea, program, or situation.

Trained Moderator

is an individual skilled in leading group discussions or focus groups, ensuring that the conversation stays on topic and gathers useful insights from participants.

Primary Data

Data collected firsthand for a specific research purpose, through methods such as surveys, interviews, or experiments.

Syndicated Data

Data available for a fee from commercial research firms such as Information Resources Inc. (IRI), National Purchase Diary Panel, and Nielsen.