Which of the following statements is correct?
A) Significant professional judgment is not necessary in deciding whether a weakness identified is significant enough to warrant communicating to management.
B) A management letter is prepared by management.
C) Significant professional judgment is necessary in deciding whether a weakness identified is significant enough to warrant communicating to management.
D) all of the above

Question

Quizplus · Accepted Answer

Significant professional judgment is needed when deciding whether a weakness identified is important enough to bring to management's attention. Option A is incorrect because it implies that assessment is straightforward and does not necessitate judgment. Option B is incorrect because management letters are generated by auditors rather than the management themselves. Option D is incorrect because option A is false.

Which of the Following Statements Is Correct