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ACCA Strategic Professional · Advanced Audit and Assurance (International) · Completion and final review

In the audit of Meridian Foods, the audit partner is deciding which matters to communicate to those charged with governance (TCWG) under ISA 260 (Revised). Which of the following is a matter the auditor is required to communicate?

The auditor must communicate significant difficulties encountered during the audit, such as delays in management providing information. ISA 260 lists these among the significant findings from the audit, whereas detailed audit programmes, team remuneration and management's strategy are not required communications.

  1. ADetailed audit programmes and the specific tests performed on each balance
  2. BSignificant difficulties encountered during the audit, such as delays in management providing informationCorrect
  3. CThe personal remuneration of the audit team members
  4. DManagement's strategic plans for the next five years

Explanation

ISA 260 requires communication of significant findings from the audit, which include significant difficulties encountered such as unreasonable delays by management. It also covers the auditor's responsibilities, planned scope and timing, and independence for listed entities. Detailed audit programmes are not required and could compromise audit effectiveness.

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