The auditor is required to communicate certain matters related to the audit to those charged with governance in the company.Which of the following items should be communicated to those charged with governance?
A)the auditor's responsibility under generally accepted accounting principles
B)significant accounting policies
C)auditor judgments and accounting estimates
D)audit adjustments
E)auditor's judgments about the quantity of the entity's accounting principles
F)both A and C
G)both B and D
H)both D and E

Question

Quizplus · Accepted Answer

Significant accounting policies and audit adjustments are required to be communicated to those charged with governance. Auditor judgments and accounting estimates should also be communicated, but this is not offered as a choice. The auditor's responsibility under generally accepted accounting principles and the auditor's judgments about the quantity of the entity's accounting principles are not required to be communicated. Therefore, G (both B and D) is the best choice.

The Auditor Is Required to Communicate Certain Matters Related to the Audit