Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Which of the following matters would an auditor most likely communicate to those charged with governance?
a. The effects of significant accounting policies adopted by management in emerging areas for which there is no authoritative guidance.
b. Difficulties encountered in achieving a satisfactory response rate from the entity's customers in confirming accounts receivables.
c. A list of negative trends that may lead to working capital deficiencies and adverse financial ratios.
d. The level of responsibility assumed by management for the preparation of the financial statements.

Sagot :

ayfat23

Answer:

C. The effects of significant accounting policies adopted by management in emerging areas for which no authoritative guidance exists.

Explanation:

Financial auditors are ones that are involved in reviewing of financial statements as well documents or data of a company or organization. Information is gathered from financial reporting systems, balance sheet and other data's of the company. It should be noted that an auditor would most likely communicate the effects of significant accounting policies adopted by management in emerging areas for which no authoritative guidance exists

to those charged with governance

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.