Question

Discuss the items an auditor communicates at the end of the audit to those charged with governance.

Answer 1

Answer:

The auditor's responsibility is to communicate with those charged with governance in an audit of financial statements.

The items an auditor communicates at the end of the audit to those charged with governance are as follows:

• the views about significant qualitative aspects of the entity's accounting practices, including accounting policies, accounting estimates & financial statement disclosure, the auditor shall explain to those charged with governance why they consider significant accounting practices, that are acceptable under the applicable financial reporting framework.
• Significant delays by management, the unavailability of entity personnel, or unwillingness of management to provide information that is necessary for the audit.
• The unavailability of expected information
• significant matters arising during the audit that was discussed or subjected to correspondence with management.