Current Attempt in Progress

Prior to commencing fieldwork, an auditor usually discusses the general audit strategy with the client's management. Which of the following details do management and the auditor usually agree upon at this time?

The schedules and analyses that the client's staff should prepare.

The effects that inadequate controls may have over the safeguarding of assets.

The minimum amount of misstatements that may be considered to be significant deficiencies.

The specific matters to be included in the communication with the audit committee.