Which of the following is not a required communication with the audit committee?
A)Accounting policies.
B)Accounting estimates.
C)Economic trends.
D)Difficulties encountered.

Question

Quizplus · Accepted Answer

Accounting policies, accounting estimates, and difficulties encountered are all required communications with the audit committee, as they relate to the audit process and financial reporting. Economic trends, however, are not a required communication, although they may be discussed as part of a broader discussion of the company's business and financial performance.

Which of the Following Is Not a Required Communication with the Audit