Which of the following items is not one of management's responsibilities for communicating with the auditors?
A) Suspected fraudulent activities within the company.
B) Deficiencies in the design or operating effectiveness of ICFR.
C) Key accounts and transactions to be selected for testing.
D) Violations of regulations applicable to the company's activities.

Question

Quizplus · Accepted Answer

Management is responsible for selecting and identifying key accounts and transactions to be sampled by the auditors, but communicating this information to the auditors is not explicitly listed as one of their responsibilities. The other options (suspected fraud, deficiencies in ICFR, violations of regulations) are all specific items that management should communicate to the auditors.

Which of the Following Items Is Not One of Management's