The valuable information gathered about the business and internal controls during the audit engagement must be communicated so that management can
A) ignore and decide to change auditors.
B) instruct the auditors to implement the changes.
C) implement suggestions and address shortcomings.
D) plan for the next audit engagement.

Question

Quizplus · Accepted Answer

The purpose of communicating valuable information gathered during an audit is for management to be aware of and address any shortcomings or implement suggestions for improvement. This helps in enhancing the business's operations and internal controls.

The Valuable Information Gathered About the Business and Internal Controls