Question: Question 15 An auditor identified material weaknesses in internal controls while performing the audit of financial statements. The communication to those charged with governance should

Question 15

An auditor identified material weaknesses in internal controls while performing the audit of financial statements. The communication to those charged with governance should include all of the following except

Group of answer choices

a) a reminder about the purpose of the audit.

b) a statement as to who is intended to receive the communication.

c) an attestation that no other significant deficiencies were identified.

d) a definition of the term material weakness.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

An auditor identified material weaknesses in internal controls while performing the audit of financial statements. The communication to those charged with governance should include all of the...

1.As used in PSA 560, the term "subsequent events" refers to a.Events occurring the date of the financial statement. b.Events occurring after the date of the auditor's report c.Events occurring...

Hi, I am taking accounting class (Auditing & Assurance Services). Please provide original homework. Type up to two pages ( about 500-600 words) and must answer questions clearly. I have solutions for...

Hi, I am struggling with my homework which is related to auditing class. Please provide original homework. Type up to two pages ( about 500-600 words) and must answer questions clearly. I have...

I have attached the case fraud to read. Need answers/comments from question 2,6,7,9, see questions at last page. My focus will be question 2. Prepare notes prepare notes to answer case question 2,...

Do SWOT analysis (Strengths, Weaknesses, Opportunity and Threat) for the case study about DHB Industries Inc below. The SWOT analysis must be in a table form. CASE STUDY OF DHB INDUSTRIES INC As a...

MULTIPLE CHOICE QUESTIONS 1. Which of the following statements does not properly describe an element of the theoretical framework of auditing? a. An audit benefits to public. b. Auditors act on...

Sam Love owns and manages a small but growing service business. In fact, this year has been so good that Sam is moving his office to a larger, more centrally located site. In an effort to save on...

Johnny has been training a new chef, Sam, in the kitchen of his restaurant. Johnny thinks Sam is almost ready to prepare food for customers. Johnny and Sam arrange for a small group of CDU students...

The current zero - coupon yield curve for risk - free bonds is as follows: LOADING... . What is the risk - free interest rate for a five - year maturity? Question content area bottom Part 1 The risk...

Ebba has received a new initiative for her security team to perform an in - house penetration test. What is the first step that Ebba should undertake? a . Approval b . Planning c . Documentation d ....

Discuss how training, informal learning, and knowledge management can contribute to continuous learning and companies business strategy. page 279

Explain the role of the manager in identifying training needs and supporting training on the job. page 281

Conduct a needs assessment. page 283