An auditor would least likely initiate a discussion with those charged with governance concerning: Show
Which of the following matters will an auditor most likely communicate to those charged with governance?Which of the following matters is an auditor required to communicate to those in the entity charged with governance? Discussion of disagreements with management about matters that significantly affect the entity's financial statements.
Which of the following items are auditors required to communicate to those charged with governance?05 The auditor must communicate with those charged with governance matters related to the financial statement audit that are, in the auditor's profes- sional judgment, significant and relevant to the responsibilities of those charged with governance in overseeing the financial reporting process. .
Why it is important for auditors to communicate with those charged with governance?The reason for communicating such matters is to ensure that the auditors have brought them to the attention of the people responsible for the accounting and financial reporting function of the entity. Those responsible can then discuss the matters and decide any actions that need to be taken in respect of them.
Who is included in those charged with governance?Those charged with Governance — Describes the role of persons entrusted with the supervision, control and direction of an entity. Those charged with governance ordinarily are accountable for ensuring that the entity achieves its objectives, financial reporting, and reporting to interested parties.
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