An auditor should communicate to the audit committee all of the following matters except a. The implication

Question:

An auditor should communicate to the audit committee all of the following matters except

a. The implication of errors discovered during the audit.

b. Unexpected account variations discovered during analytical procedures that were subsequently resolved.

c. Disagreements between the auditor and management that were subsequently resolved.

d. Any serious difficulties the auditor encountered that were detrimental to the effective completion of the audit.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing Integrated Concepts And Procedures

ISBN: 9781260299397

5th Edition

Authors: Donald H. Taylor, G. William Glezen

See More Books

Question Posted: May 10, 2024 02:00 AM

See More Questions

Multiple- Choice 1. The Sarbanes- Oxley Act of 2002 requires management to include a report on the effectiveness of ICFR in the entitys annual report. It also requires auditors to report on the...
Multiple Choice Questions 1. All of the following are parts of corporate governance except: a. Oversight of management by the board of directors. b. Established processes to provide accountability to...
Walmart became a household name in Mexico in 1991 when Walmart Stores, Inc., headquartered in Bentonville, Arkansas, entered into a joint venture with the longtime Mexican retail firm Cifra. This...
You are given two planes in parametric form, x1 x2 1 x3 where x1, x2, 3, , 2, 1,42 R. Let I be the line of intersection of II and II2. a. Find vectors n and no that are normals to II and II 2 must...
The magnetic field in a cyclotron is 0.50 T. Find the magnitude of the magnetic force on a proton with speed 1.0 107 m/s moving in a plane perpendicular to the field.
Journalise the following transaction in the books of Sanjana and post them into the ledger : January, 2017 1. Cash in hand Cash at bank Stock of goods Due to Rohan Due from Tarun 3. Sold goods to...
Both shareholders of Ecorenewable Energy wish to increase the value of the company equity but want to retain control of the company. They will not sell shares to outside investors and believe the...
Eric Scanzillo, a manager of the Plate Division for the Ore City Manufacturing Company, has the opportunity to expand the division by investing in additional machinery costing $ 430,000. He would...
Required: Post the entries in the general joumat below to the accounts payable account in the general ledger and to the appropriate accounts in the accounts payable ledger Assume the following...
Ajax Companys auditor concludes that the omission of an audit procedure considered necessary at the time of the prior audit impairs the auditors present ability to support the previously expressed...
Which of the following elements ultimately determines the specific auditing procedures that are necessary in the circumstances to afford a reasonable basis for an opinion? a. Auditor judgment. b....
13.2 When preparing a budget, an organisation must first consider its limiting factors and key factor. Explain what you understand by the terms limiting factor and key factor and identify three...
Zamphir Jets manufactures luxury jets for corporate use. Its main production line is devoted to manufacturing the Z 1 jet, which is its standardized product offering. At any point in time, 2 0 to 3 0...
Case - based learning is used across disciplines to apply knowledge to real - world situations. ( a ) Describe the advantages of learning through case studies. ( b ) Discuss the effective approaches...
Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10 March 14 March 15 July 30 Sales Purchase Sales Purchase October 5 October 26...
Faith Busby and Jeremy Beatty started the B&B partnership on January 1, Year 1. The business acquired $89,700 cash from Busby and $140,300 from Beatty. During Year 1, the partnership earned $60,800...
Random Variables. The following distribution represents a random variable (X) the number of homeruns hit in a 7 game baseball series and their respective probabilities. # of homeruns (X) Probability...
Which sectors (e.g., government, business, and civil society) would need to be involved in a successful campaign to promote clean cook stoves in the developing world, and what would be the...
Critical reading SAT scores are distributed as N(500, 100). a. Find the SAT score at the 75th percentile. b. Find the SAT score at the 25th percentile. c. Find the interquartile range for SAT scores....
In the Illustrative Case in this chapter, payroll transactions for Brookins Company were analyzed, journalized, and posted for the third quarter of the fiscal year. In this problem, you are to record...
oFly Corporation sells three different models of a mosquito zapper. Model A12 sells for $50 and has variable costs of $35. Model B22 sells for $100 and has variable costs of $70. Model C124 sells for...
The Great Gumball Corporation is a gumball producer. The corporation has accumulated earnings of $425,000 and it can establish a reasonable need for $360,000. Calculate the amount of the accumulated...

An auditor should communicate to the audit committee all of the following matters except a. The implication

Question:

Step by Step Answer:

The auditor should communicate all significant matters to the audit committee to ensure transp...View the full answer

Auditing Integrated Concepts And Procedures

Students also viewed these Business questions