AS 1301 Specifies That _______

Multiple Choice

AS 1301 specifies that _______.

A) critical accounting policies and practices and critical accounting estimates must be communicated to the audit committee
B) significant and immaterial accounting policies and practices and critical accounting estimates must be communicated to the audit committee
C) the auditor should bill audit clients at distinct phases of the audit process
D) auditors should always consult with their own legal counsel before issuing an unmodified opinion