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AICPA CPA-Auditing Exam - Topic 1 Question 19 Discussion

Posted by Shonda on May 05, 2022 at 12:27 AM

Which of the following matters is an auditor required to communicate to those charged with governance?

Suggested Answer: A

Choice 'a' is correct. Yes - Yes. Unless all of those charged with governance are also involved with managing the entity, the auditor is required to communicate significant audit adjustments. The auditor is always required to communicate changes in significant accounting policies.

Choices 'b', 'c', and 'd' are incorrect, based on the above Explanation: .


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9 comments · newest first
DE
Destiny 11 months ago
I thought it was only about material misstatements.
JE
Jessenia 12 months ago
Option C is definitely the right choice here.
GE
Gerald 12 months ago
Wait, are they really required to share everything?
BL
Blossom 12 months ago
Totally agree, it's crucial for transparency!
PR
Princess 1 year ago
Auditors must communicate significant findings to governance.
MA
Marsha 1 year ago
I'm pretty confident I know the answer to this one. The correct approach is to call the IoT - Register Custom Entity action to associate the Leased Truck record with an existing IoT device.
VO
Von 1 year ago
Hmm, I'm a bit unsure about this one. I know Azure Active Directory is used for identity and access management, but I'm not sure if it can identify all the cloud apps being used. I'll have to think this through carefully.
AM
Amos 1 year ago
This seems straightforward enough. The change feed processor is designed to monitor changes in a Cosmos DB container, so it should be able to detect when the normalized RU/s exceeds the specified value. The only tricky part might be configuring the application to trigger the Azure function correctly, but I think I can figure that out.
WI
Winfred 1 year ago
This seems like a straightforward question about organizational structure. I'll review what I know about portfolio management and where the portfolio office typically reports.
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