An auditor would least likely initiate a discussion with a client's audit committee concerning:
A)the methods used to account for significant unusual transactions.
B)the maximum dollar amount of misstatements that could exist without causing the financial statements to be materially misstated.
C)indications of fraud and illegal acts committed by a corporate officer that were discovered by the auditor.
D)disagreements with management as to accounting principles that were resolved during the current year's audit.

Question

Quizplus · Accepted Answer

The auditor is more likely to discuss qualitative aspects of the company's accounting practices, indications of fraud, and disagreements with management rather than quantifying a maximum dollar amount of potential misstatements.

An Auditor Would Least Likely Initiate a Discussion with a Client's