Beyond publishing findings of internal controls, fraud and misstatements, auditors must also publish findings on:
A) Compliance with certain contractual agreements or regulatory requirements.
B) Compliance with other auditors findings.
C) Adherence to industry ratio standards.
D) All of the above.

Question

Quizplus · Accepted Answer

Auditors are required to report on compliance with certain contractual agreements or regulatory requirements, such as compliance with laws and regulations that could have a material effect on the financial statements. They do not report on compliance with other auditors' findings, as this is the responsibility of management. Adherence to industry ratio standards is not typically a requirement for auditors to report on. Therefore, the best choice is A.

Beyond Publishing Findings of Internal Controls, Fraud and Misstatements, Auditors