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

question 21

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)deficiencies identified in internal controls over the financial statements
• B)other information in documents containing audited financial statements
• C)agreements with management
• D)consultation with other accountants
• E)issues discussed with management after retention
• F)both A and C
• G)both B and D
• H)both D and E

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Definitions:

Unifying Philosophy

A set of guiding principles or beliefs that attempts to bring together various ideas, theories, or approaches into a coherent whole, providing a comprehensive worldview.

Defense Mechanisms

Strategies leveraged subconsciously to guard oneself from the discomfort caused by undesirable thoughts or feelings.

Big Five Personality Factors

A theory that identifies five basic dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Dominance

The state of having power and influence over others, often observed in social, organizational, or animal behavior contexts.