Is anyone experiencing issues with AUD research SIMs in the Wiley Online test bank?
Either I have no clue what I'm doing, or there is a problem with the software.
I had no issues with FAR or REG on this.
For example: "Research the professional standards for significant findings or issues from na audit that should be communicated by the auditor to those charged with governance. You need only present those requirements themselves, and not the application or other explanatory material."
The answer I found in the Wiley AL AU 380.34
Significant Findings From the Audit .34 The auditor should communicate with those charged with governance the following matters:
The auditor's views about qualitative aspects of the entity's significant accounting practices, including accounting policies, accounting estimates, and financial statement disclosures (see paragraphs .37 and .38).
Significant difficulties, if any, encountered during the audit (see paragraph .39).
Uncorrected misstatements, other than those the auditor believes are trivial, if any (see paragraphs .40 and .41).
Disagreements with management, if any, (see paragraph .42).
Other findings or issues, if any, arising from the audit that are, in the auditor's professional judgment, significant and relevant to those charged with governance regarding their oversight of the financial reporting process.
HOWEVER, the correct answer per Wiley is AU 260.12-14 WHICH is NOT even available to search in the AL.. What the heck???
This is just one example, but there are several.
Any assistance would be greatly appreciated!
-Thomas