AICPA Exam CPA-Auditing Topic 2 Question 95 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 95
Topic #: 2

[All CPA-Auditing Questions]

Which of the following matters is an auditor required to communicate to those charged with governance?

AOption A

BOption B

COption C

DOption D

Show Suggested Answer

Suggested Answer: A

Choice 'a' is correct. Yes - Yes. Unless all of those charged with governance are also involved with managing the entity, the auditor is required to communicate significant audit adjustments. The auditor is always required to communicate changes in significant accounting policies.

Choices 'b', 'c', and 'd' are incorrect, based on the above Explanation: .

by Jenifer at Aug 27, 2024, 07:14 PM

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Brendan

2 months ago

I think the answer is Option D, because communication of uncorrected misstatements is a key responsibility of the auditor.

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Viola

2 months ago

I believe the answer is Option C, as communication of fraud is a crucial matter to be communicated to those charged with governance.

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Alfreda

2 months ago

I agree with Roosevelt, because communication of significant deficiencies in internal control is important.

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Roosevelt

3 months ago

I think the answer is Option A.

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Clemencia

3 months ago

Haha, I bet the auditor would love to communicate some of the funny typos and mistakes they find during the audit! 'Hey, did you see that the CEO listed their favorite snack as 'cheetos' instead of 'Cheetos'? Truly a matter of great significance!'

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Vernell

3 months ago

I agree with Vanda. The auditor has a responsibility to communicate relevant matters to the appropriate individuals or groups, and Option B covers that requirement.

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Vanda

3 months ago

Option B is the correct answer. The auditor is required to communicate significant matters related to the financial statement audit to those charged with governance.

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Lauran

3 months ago

Good to know. Thanks for the clarification.

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Tomas

3 months ago

Yes, you're right. The auditor must communicate significant matters to those charged with governance.

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Jesusita

3 months ago

I think it's Option B.

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