Which of the following statements is correct concerning an auditor's required communication with those charged with governance? 1. If matters are communicated in writing, the report is appropriate for general use. This 2. communication is required to occur before the auditor's report on the financial statements is issued. 3. If matters are communicated in writing, the report is required to be distributed to both those charged with governance and management. 4. This communication should include disagreements with management about significant audit adjustments, whether or not satisfactorily resolved. O 1 O 2 O 3 O 4

Which of the following statements is correct concerning an auditor's required communication with those charged with governance? 1. If matters are communicated in writing, the report is appropriate for general use. This 2. communication is required to occur before the auditor's report on the financial statements is issued. 3. If matters are communicated in writing, the report is required to be distributed to both those charged with governance and management. 4. This communication should include disagreements with management about significant audit adjustments, whether or not satisfactorily resolved. O 1 O 2 O 3 O 4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following statements is correct concerning an auditor's required communication
with those charged with governance?
1. If matters are communicated in writing, the report is appropriate for general use.
2. This communication is required to occur before the auditor's report on the financial
statements is issued.
3. If matters are communicated in writing, the report is required to be distributed to both those
charged with governance and management.
4. This communication should include disagreements with management about significant audit
adjustments, whether or not satisfactorily resolved.
O 1
O 2
0 3
O 4

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