Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 4, Problem 4.21MCQ
To determine

Concept Introduction:

The auditor comes through several matters during the audit process which are required to be informed to the management of the client. However, the auditor needs to choose the appropriate level of the management to communicate the matters. Some matters may be too crucial that those cannot be communicated to the management, due to management involvement or fraud. In such cases the auditor should communicate the matter to those charged with governance. The auditor is responsible to communicate relevant matters to those charged with governance people on timely basis.

To choose: The case when auditor is responsible to disclose fraud to parties other than entity’s senior management and its auditor committee.

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