AICPA Exam CPA-Auditing Topic 3 Question 91 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 91
Topic #: 3

[All CPA-Auditing Questions]

An auditor's communication of internal control related matters noted in an audit usually should be addressed to:

AManagement and those charged with governance.

BThe director of internal auditing.

CThe chief financial officer.

DThe chief accounting officer.

Show Suggested Answer

Suggested Answer: A

Choice 'a' is correct. An auditor's communication of internal control related matters noted in an audit usually should be addressed to management and those charged with governance.

Choices 'b', 'c', and 'd' are incorrect. The director of internal auditing, the chief financial officer, and the chief accounting officer all would have access to the letter; however, it would not be addressed to them since they do not have the same level of authority and responsibility to the shareholders as management and those charged with governance.

by Leatha at Jul 05, 2024, 04:30 AM

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Boris

5 months ago

Wait, is there a choice for 'all of the above'? That would be the most comprehensive approach, don't you think?

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Lauran

3 months ago

D) The chief accounting officer.

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Tarra

3 months ago

C) The chief financial officer.

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Chandra

3 months ago

B) The director of internal auditing.

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Mari

4 months ago

A) Management and those charged with governance.

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Matthew

5 months ago

I don't know, the chief accounting officer sounds like a good option too. They're probably the ones who can really fix the internal control problems.

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Roosevelt

5 months ago

C'mon, who else would the auditor report to other than the CFO? That's the obvious choice here.

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Ilda

3 months ago

C) The chief financial officer.

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Evelynn

3 months ago

B) The director of internal auditing.

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Van

3 months ago

A) Management and those charged with governance.

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Coral

3 months ago

C) The chief financial officer.

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Miriam

3 months ago

B) The director of internal auditing.

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Ettie

4 months ago

A) Management and those charged with governance.

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Sharen

5 months ago

I think the answer is A too, because it ensures transparency and accountability in the organization.

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Micheline

5 months ago

I'm not sure, but I think it makes sense to communicate with both management and governance.

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Shannon

5 months ago

I agree with Alpha, because management and governance need to be informed about internal control matters.

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Naomi

5 months ago

A for sure. The auditor needs to communicate with the top-level decision-makers to ensure prompt action and implementation of recommendations.

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Candra

4 months ago

Yes, they are the ones responsible for overseeing the organization's operations.

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Kasandra

4 months ago

A) Management and those charged with governance.

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Shaun

4 months ago

I agree, it's important for the auditor to communicate with top-level decision-makers.

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Sharen

5 months ago

A) Management and those charged with governance.

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Noah

5 months ago

Definitely A. Addressing the internal control issues to the right parties is crucial for effective governance and risk management.

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Rebecka

4 months ago

A) Management and those charged with governance.

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Jesusa

4 months ago

I agree, it's important to address internal control issues to the right parties.

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Sylvie

4 months ago

A) Management and those charged with governance.

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Alpha

5 months ago

I think the answer is A) Management and those charged with governance.

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Oren

5 months ago

I think the correct answer is A. The auditor's communication should be addressed to both management and those charged with governance to ensure proper oversight and accountability.

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Janet

5 months ago

Yes, that way there is transparency and accountability in the audit process.

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Tresa

5 months ago

I agree, the communication should be addressed to both management and those charged with governance.

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