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)significant deficiencies and material weaknesses identified in internal controls over the financial statements
B)other information in documents containing financial information
C)disagreements with management
D)consultation with auditor's attorney
E)issues discussed with management after retention
F)both A and C
G)both B and E
H)both D and E

Question

Quizplus · Accepted Answer

The auditor should communicate significant deficiencies and material weaknesses identified in internal controls over the financial statements and disagreements with management to those charged with governance. Other information in documents containing financial information, consultation with auditor's attorney, and issues discussed with management after retention are not required to be communicated to those charged with governance.

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