Which of the following statements is correct?
A) Significant professional judgment is not necessary in deciding whether a weakness identified is significant enough to warrant communicating to management.
B) A management letter is prepared by management.
C) Significant professional judgment is necessary in deciding whether a weakness identified is significant enough to warrant communicating to management.
D) All of the above.

Question

Quizplus · Accepted Answer

Significant professional judgment is necessary in deciding whether a weakness identified is significant enough to warrant communicating to management. Option A is incorrect because significant professional judgment is necessary in this situation. Option B is incorrect because a management letter is prepared by the auditor, not by management. Option D is incorrect because while significant professional judgment is necessary in deciding whether a weakness identified is significant enough to warrant communicating to management, option A is incorrect and option B is incomplete.

Which of the Following Statements Is Correct