The following questions concern communications between management, those charged with governance, and the auditor. Choose the best response.
a. Which of the following is not a required item to be communicated by the auditor to
the audit committee or others charged with governance?
(1) Information about the auditor’s responsibility in an audit of financial statements
(2) Information about the overall scope and timing of the audit
(3) Significant findings arising from the audit
(4) Recommendations for improving the client’s business
b. Written management representations obtained by the auditor in connection with a
financial statement audit should include a
(1) summary of all corrected misstatements.
(2) statement of management’s belief that any uncorrected misstatements are in fact
not misstatements.
(3) statement of management’s belief that the effects of uncorrected misstatements
are not material.
(4) summary of all uncorrected misstatements
