14. When completing an audit, which of the following statements is correct conce

Question

14. When completing an audit, which of the following statements is correct concerning auditor's required communication with a client's audit committee? a. If matters are communica ted orally, it is necessary to repeat the communication of recurring matters each year. b. If matters are communicated in writing, the report is required to be distributed to both the audit committee and management. This communication is required to occur before the auditor's report on the financial statements is issued. c. d. This communication should include disagreements with management about significant audit adjustments, whether or not satisfactorily resolved

Explanation / Answer

Answer : c. This communication is required to occur before the auditor's report on the financial statements is issued.

Explanation: As per AS 1301, all the communications made to the audit committee should be on timely manner and before the date of auditor's report.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.