The Auditor Is Required to Communicate Certain Matters Related to the Audit

question 73

Multiple Choice

The auditor is required to communicate certain matters related to the audit to those charged with governance in the company.Which of the following items should be communicated to those charged with governance?

• A)the auditor's responsibility under generally accepted accounting principles
• B)significant accounting policies
• C)auditor judgments and accounting estimates
• D)audit adjustments
• E)auditor's judgments about the quantity of the entity's accounting principles
• F)both A and C
• G)both B and D
• H)both D and E

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Definitions:

Construct Validity

The degree to which a test or instrument measures the theoretical construct it is intended to measure.

Correlate

To possess a reciprocal relationship or link, where one element influences or relies upon another.

Measures

Tools or instruments used to quantify or categorize variables, typically for the purpose of research or assessment.

Test Validity

The degree to which a test accurately measures what it intends to measure.