For a Corporations Act 2001 audit, the auditor has reporting obligations to:
A)management and the board of directors.
B)the employees and their union representatives.
C)International Federation of Independent Audit Regulators (IFIAR).
D)All of the given answers.

Question

Quizplus · Accepted Answer

The auditor has reporting obligations to both management and the board of directors under the Corporations Act 2001. They are required to provide an independent opinion on the financial statements of a company to these stakeholders.

Answer: D 
 The auditor has reporting obligations to both management and the board of directors, as well as to other stakeholders such as employees and their union representatives (in certain circumstances) and regulators such as IFIAR. Therefore, all of the given answers are correct.

For a Corporations Act 2001 Audit, the Auditor Has Reporting