Please answer with reason for all why the option is correct and why the other options are incorrect Which of the following matters would an auditor most likely ask client management to affirm in an audit representation letter? Communications with those charged with governance concerning weaknesses in internal control Plans to acquire or merge with other entities in the subsequent year The reasonableness of significant assumptions used in making accounting estimates Management's acknowledgment of its responsibility for the detection of employee fraud
Please answer with reason for all why the option is correct and why the other options are incorrect Which of the following matters would an auditor most likely ask client management to affirm in an audit representation letter? Communications with those charged with governance concerning weaknesses in internal control Plans to acquire or merge with other entities in the subsequent year The reasonableness of significant assumptions used in making accounting estimates Management's acknowledgment of its responsibility for the detection of employee fraud
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Completing A Quality Audit
Section: Chapter Questions
Problem 32CYBK
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Please answer with reason for all why the option is correct and why the other options are incorrect
Which of the following matters would an auditor most likely ask client management to affirm in an audit representation letter?
Communications with those charged with governance concerning weaknesses in internal control
Plans to acquire or merge with other entities in the subsequent year
The reasonableness of significant assumptions used in making
Management's acknowledgment of its responsibility for the detection of employee fraud
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