After Fieldwork Audit Procedures Are Completed for a Public Company

Multiple Choice

After fieldwork audit procedures are completed for a public company and private company whose financial statements are expected to be widely distributed, a partner of the CPA firm who has not been involved in the audit performs an engagement quality review of the working papers. This review focuses on:

A) an evaluation of the significant judgments made by the engagement teams and the conclusions reached in formulating the audit report.
B) irregularities involving the entity's management and its employees.
C) the materiality of the adjusting entries proposed by the audit staff.
D) the communication of internal control weaknesses to those charged with governance.