Which of the following is NOT required to be communicated to the audit committee or similarly designed body under ASA 260?
A) All material irregularities and illegal acts of a material nature
B) Disagreements with management about the scope of the audit, applicability of accounting principles or wording of the audit report
C) Difficulties encountered in performing the audit such as lack of availability of client personnel and failure to provide necessary information
D) Auditor's responsibilities under generally accepted auditing standards, including responsibility for evaluating internal control and the concept of reasonable rather than absolute assurance

Question

Quizplus · Accepted Answer

ASA 260 requires auditors to communicate certain matters to those charged with governance, including disagreements with management and difficulties encountered during the audit. However, all material irregularities and illegal acts of a material nature are typically communicated to management and those charged with governance, but they are not specifically required under ASA 260.

Which of the Following Is NOT Required to Be Communicated