According to CAS 200, those charged with governance a. Have the main responsibility for the day-to-day accounting

Question:

According to CAS 200, those charged with governance

a. Have the main responsibility for the day-to-day accounting functions of the auditee.

b. Must be a part of the most senior management of the auditee.

c. Are responsible for the operations of the entity and thus are accountable to its stakeholders.

d. Assist the auditor by making key judgments such as materiality and audit risk.

Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...

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