AICPA CPA-Auditing Exam - Topic 1 Question 19 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 19
Topic #: 1

[All CPA-Auditing Questions]

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

AOption A

BOption B

COption C

DOption D

Show Suggested Answer

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: .

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

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Destiny

4 months ago

I thought it was only about material misstatements.

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Jessenia

4 months ago

Option C is definitely the right choice here.

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Gerald

4 months ago

Wait, are they really required to share everything?

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Blossom

4 months ago

Totally agree, it's crucial for transparency!

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Princess

5 months ago

Auditors must communicate significant findings to governance.

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Marsha

5 months 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.

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Von

5 months 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.

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Amos

5 months 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.

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Winfred

5 months 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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