An auditor would least likely initiate a discussion with a client's audit committee concerning
A) The methods used to account for significant unusual transactions.
B) The maximum dollar amount of misstatements that could exist without causing the financial statements to be materially misstated.
C) Indications of fraud and illegal acts committed by a corporate officer that were discovered by the auditor.
D) Disagreements with management as to accounting principles that were resolved during the current-year audit.

Question

Quizplus · Accepted Answer

The maximum dollar amount of misstatements is typically a matter of auditor judgment and not usually a topic for discussion with the audit committee.

An Auditor Would Least Likely Initiate a Discussion with a Client's