Question

Each of the following are typical communications between the auditor and the audit committee. Explain why each is important.
● Auditor's responsibility under GAAS
● Overview and planned scope of the audit
● Auditor independence
● Significant accounting policies
● Management judgments and accounting estimates
● Significant audit adjustments
● Judgments about the quality of the company's accounting principles
● Other information in annual reports
● Disagreements with management
● Major issues discussed with management before retention
● Internal control over financial reporting



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  • CreatedSeptember 22, 2014
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