Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Question
Chapter 24, Problem 23.2MCQ
To determine
Identify the correct statement about the auditor’s required communication those charge with good governance.
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Students have asked these similar questions
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
Which of the following matters is an auditor not required to communicate to those charged with governance?
A. Significant adjustments arising from the audit that were recorded by management.
B.
The basis for the auditor's conclusions about the reasonableness of management's sensitive accounting estimates.
The level of responsibility assumed by the auditor under generally accepted auditing standards.
The degree of reliance the auditor placed on the management representation letter..
O
C.
D.
List of matters normally communicated to those charged with governance includes:
a) The overall approach and scope of the audit, including any limitations on the scope of the audit.
b) The accounting policies and any changes to them that could materially affect the financial statements.
c) Adjustments arising as a result of audit procedures which may not materially impact the financial statements.
d) Material events or uncertainties which could jeopardize the going concern status, and which does not require disclosure within the financial statements
e) Disagreements with management over accounting treatments or disclosures Any expected modifications to the audit report
f) Material weaknesses discovered in the internal systems and controls.
All a) , b) , c) , d) , e) and f)
Only a) , b) , e) and f)
Only a) , b) and c)
Only a) , b) , c) and e)
Only a) , e) and f)
Chapter 24 Solutions
Auditing And Assurance Services
Ch. 24 - Prob. 1RQCh. 24 - Explain why an auditor is interested in a clients...Ch. 24 - Prob. 3RQCh. 24 - Prob. 4RQCh. 24 - Prob. 5RQCh. 24 - Prob. 6RQCh. 24 - Prob. 7RQCh. 24 - Prob. 8RQCh. 24 - What major considerations should the auditor take...Ch. 24 - Identify five audit procedures normally done as a...
Ch. 24 - Prob. 11RQCh. 24 - Prob. 12RQCh. 24 - Prob. 13RQCh. 24 - Prob. 14RQCh. 24 - Prob. 15RQCh. 24 - Prob. 16RQCh. 24 - Prob. 17RQCh. 24 - Prob. 18RQCh. 24 - Prob. 19RQCh. 24 - Prob. 20.1MCQCh. 24 - Prob. 20.2MCQCh. 24 - Prob. 20.3MCQCh. 24 - Prob. 21.1MCQCh. 24 - Prob. 21.2MCQCh. 24 - Prob. 21.3MCQCh. 24 - Prob. 22.1MCQCh. 24 - Prob. 22.2MCQCh. 24 - Prob. 22.3MCQCh. 24 - Prob. 23.1MCQCh. 24 - Prob. 23.2MCQCh. 24 - Prob. 23.3MCQCh. 24 - Prob. 24DQPCh. 24 - Prob. 25DQPCh. 24 - Prob. 26DQPCh. 24 - Prob. 28DQPCh. 24 - Prob. 29DQPCh. 24 - Prob. 32DQPCh. 24 - Prob. 33DQP
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