The adjustments arising from the audit that were considered to be material should be informed by the auditor to the:
A)audit staff.
B)management.
C)audit committee.
D)internal auditors.

Question

Quizplus · Accepted Answer

The audit committee is responsible for overseeing the financial reporting process for the company, and as such they should be informed of any material adjustments that arise from the audit. This allows the audit committee to make informed decisions about the accuracy and completeness of the financial statements, and take appropriate action if needed. The auditor may also need to communicate these adjustments to management and/or internal auditors, but the audit committee is the primary recipient of this information.

The Adjustments Arising from the Audit That Were Considered to Be