The objectives of the engagement partner's communication with the audit team include
A) Maintaining an adversarial atmosphere between the auditor and management.
B) Complying with SEC rules.
C) Complying with FASB rules.
D) Emphasizing the importance of professional skepticism.

Question

Quizplus · Accepted Answer

The objectives of the engagement partner's communication with the audit team include emphasizing the importance of professional skepticism, which is essential for ensuring that the audit is conducted to a high standard and that all relevant risks are fully considered. Maintaining an adversarial atmosphere between the auditor and management is not a constructive approach and could hinder effective communication, while compliance with SEC/FASB rules is important, but is not the primary focus of the engagement partner's communication with the audit team.

The Objectives of the Engagement Partner's Communication with the Audit