AICPA CPA-Auditing Exam - Topic 2 Question 95 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 95
Topic #: 2

[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 Jenifer at Aug 27, 2024, 07:14 PM

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Claribel

3 months ago

Option C seems like the right choice here!

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Muriel

3 months ago

Wait, are they really required to share all that info?

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Marshall

3 months ago

I thought they only needed to report fraud cases?

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Hortencia

4 months ago

Totally agree, it's crucial for transparency!

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Shawna

4 months ago

Auditors must communicate significant findings to governance.

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Adelina

4 months ago

I practiced a similar question last week, and I think it was about the auditor's responsibilities regarding fraud. Could that be relevant here?

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Bernardine

4 months ago

I feel like option C might be the right choice, but I can't recall the specifics about what needs to be communicated.

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Patrick

4 months ago

I remember a practice question where we discussed the importance of internal controls, so maybe that's related to this?

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Silvana

5 months ago

I think the auditor has to communicate significant findings, but I'm not sure if it's all the options listed.

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Scarlet

5 months ago

I'm a little confused by the wording of the question. I'll need to read it a few times and make sure I'm interpreting it correctly before answering.

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Brett

5 months ago

I've got a good feeling about this one. The image provides a helpful visual, and I'm confident I can apply my auditing knowledge to select the correct answer.

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Leota

5 months ago

Okay, let me think this through step-by-step. The question is asking about the auditor's communication responsibilities, so I'll need to focus on that area of the standards.

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Malissa

5 months ago

Hmm, I'm a bit unsure about this one. I'll need to carefully review the auditing standards to make sure I understand the specific requirements.

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Nelida

5 months ago

This question seems straightforward, I think I know the key matters the auditor must communicate to those charged with governance.

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Mary

5 months ago

I think navigation tabs might help users find their way better, especially since they can clearly label sections of the site.

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Brendan

1 year ago

I think the answer is Option D, because communication of uncorrected misstatements is a key responsibility of the auditor.

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Viola

1 year ago

I believe the answer is Option C, as communication of fraud is a crucial matter to be communicated to those charged with governance.

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Alfreda

1 year ago

I agree with Roosevelt, because communication of significant deficiencies in internal control is important.

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Roosevelt

1 year ago

I think the answer is Option A.

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Clemencia

2 years ago

Haha, I bet the auditor would love to communicate some of the funny typos and mistakes they find during the audit! 'Hey, did you see that the CEO listed their favorite snack as 'cheetos' instead of 'Cheetos'? Truly a matter of great significance!'

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Vernell

2 years ago

I agree with Vanda. The auditor has a responsibility to communicate relevant matters to the appropriate individuals or groups, and Option B covers that requirement.

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Vanda

2 years ago

Option B is the correct answer. The auditor is required to communicate significant matters related to the financial statement audit to those charged with governance.

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Lauran

1 year ago

Good to know. Thanks for the clarification.

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Tomas

1 year ago

Yes, you're right. The auditor must communicate significant matters to those charged with governance.

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Jesusita

1 year ago

I think it's Option B.

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