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Exam AUD topic 1 question 937 discussion

Actual exam question from AICPA's AUD
Question #: 937
Topic #: 1
[All AUD Questions]

For a nonissuer, a previously communicated significant deficiency that has not been corrected, ordinarily should be communicated again:

  • A. Only if the deficiency has a material effect on the auditor's assessment of control risk.
  • B. Unless the entity accepts that degree of risk because of cost-benefit considerations.
  • C. Only if the deficiency is considered a material weakness.
  • D. In writing, during the current audit.
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Suggested Answer: D 🗳️
Choice "D" is correct. A previously communicated significant deficiency that has not been corrected ordinarily should be communicated again in writing, during the current audit.
Choices "A" and "C" are incorrect. The auditor is required to communicate significant deficiencies each year, regardless of whether the deficiency has a material effect on the auditor's assessment of control risk or the deficiency is considered a material weakness.
Choice "B" is incorrect. The auditor is required to communicate significant deficiencies each year, even if the entity accepts that degree of risk because of cost- benefit considerations.
by gemazyni at April 5, 2025, 5:19 p.m.

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