Primary responsibility for making the auditor aware of all identified and possible legal claims against the auditee,rests with _____.
A)the auditee's Board of Directors
B)the client's lawyers
C)the auditor's lawyers
D)the client's management

Question

Quizplus · Accepted Answer

The primary responsibility for making the auditor aware of all identified and possible legal claims against the auditee rests with the auditee's management, specifically those charged with governance. The responsibility cannot be delegated to the auditee's lawyers or the auditor's lawyers. The Board of Directors ultimately has oversight responsibility but can delegate the duty to management.

Primary Responsibility for Making the Auditor Aware of All Identified