Which of the following statements regarding auditor communication with audit committees is FALSE?
A)Both the auditor and management should be present in meetings with the audit committee to discuss these reports,which may be written or oral.
B)The auditor and management should,in advance,review the information to be covered with the audit committee.
C)On all matters,management should report to the audit committee first,and the auditor then comments.
D)When the auditor communicates in writing,the report should indicate that it is intended solely for use by the audit committee.

Question

Quizplus · Accepted Answer

This statement is false. It is the responsibility of the auditor to communicate directly with the audit committee on certain matters, such as significant accounting policies and audit adjustments. Management may be present in meetings with the audit committee, but the auditor should be able to communicate without management present to provide unbiased information.

Which of the Following Statements Regarding Auditor Communication with Audit