AICPA CPA-Auditing Exam - Topic 1 Question 52 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 52
Topic #: 1

[All CPA-Auditing Questions]

An auditor's communication of internal control related matters noted in an audit usually should be addressed to:

AManagement and those charged with governance.

BThe director of internal auditing.

CThe chief financial officer.

DThe chief accounting officer.

Show Suggested Answer

Suggested Answer: A

Choice 'a' is correct. An auditor's communication of internal control related matters noted in an audit usually should be addressed to management and those charged with governance.

Choices 'b', 'c', and 'd' are incorrect. The director of internal auditing, the chief financial officer, and the chief accounting officer all would have access to the letter; however, it would not be addressed to them since they do not have the same level of authority and responsibility to the shareholders as management and those charged with governance.

by Zona at May 28, 2022, 11:44 AM

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Darell

4 months ago

I thought it would be the CFO, but A sounds right!

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Christiane

4 months ago

A makes the most sense, but I wonder if it varies by company.

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Glenn

4 months ago

Wait, are we sure it’s not B? Seems like a good option too.

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Melita

4 months ago

I agree, A is the right choice!

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Tuyet

4 months ago

Definitely A, that's standard practice.

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Tawanna

5 months ago

I'm leaning towards option A, but I wonder if there are exceptions where it might be different, like in smaller organizations.

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Emile

5 months ago

I feel like the director of internal auditing might be involved, but I don't recall if they are the primary audience for these communications.

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Ceola

5 months ago

I remember a practice question where we discussed the importance of addressing internal control issues to the right parties. I think it was similar to this one.

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Cruz

5 months ago

I think the communication should go to management and those charged with governance, but I'm not entirely sure if that's always the case.

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Dorthy

5 months ago

I'm pretty sure the answer is Atbash, since that's a well-known substitution cipher used in ancient Hebrew texts.

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Lamonica

5 months ago

This seems like a straightforward ITIL question. I'll focus on understanding the key elements of the continual improvement model and what information is needed to assess the current state.

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