The in-charge auditor most likely would have a supervisory responsibility to explain to the staff assistants:

Question

Quizplus · Accepted Answer

Choice "B" is correct. Assistants should be informed of their responsibilities and the objectives of the procedures that they are to perform. Part of the assistant's responsibility is to properly evaluate audit results, and the in-charge auditor would likely discuss this with them. Choice "A" is incorrect. Fraud that causes a material misstatement or involves senior management should be reported to those charged with governance. Choice "C" is incorrect. Preparation and maintenance of the time budget is related to planning rather than supervision. Choice "D" is incorrect. The reasons for transferring documents from the permanent file to the current file need not be explained to the staff assistants.

The In-Charge Auditor Most Likely Would Have a Supervisory Responsibility