Report and Communicate

What key activities are typically involved in the 'report and communicate' stage of an audit.

• a) preparing and issuing an appropriate auditor’s report

• b) communicating with management, TCWG

• both (a) and (b)
• None of the above

Those charged with governance includes

• management personnel
• Executive directors
• governing body
• All of the above

The auditor’s report cannot be dated ________ than the date on which ____________ has been obtained on which to base the opinion on the financial statements.

• earlier, sufficient appropriate audit evidence

• later, management letter
• Prior, material misstatement

• None of the above

What documents must accompany the Financial Statement when mandated by law, regulation, or standards.

• Other Information
• Audit Report
• Supplementary Information
• Management letter

What matters should be considered in Key Audit Matters (KAM).

• Most significance in current period
• significance in prior period
• both (a) and (b)
• None of the above

To whom should Key Audit Matters (KAM) be communicated.

• management
• Parties outside the entity
• Those charged with governance
• All of the above

Who determines the key audit matters.

• Auditor
• Those charged with governance
• Internal Auditor
• Government regulatory body

When are certain specific audit-related communications to parties outside the entity required.

• Identified or suspected fraud
• Non-compliance with laws and regulations
• Overruling of laws and regulations
• All of the above