Joan and Colin are sitting in auditing class, listening to the professor lecture about communications with those charged with governance as part of an attestation engagement. Which of the following statements surrounding these communications is accurate?
The auditors typically begin the audit with a management letter which outlines the auditor's responsibilities and plan for the forthcoming audit.
The auditors generally provide detailed plans to management relating to the nature, timing, and extent of planned audit procedures at the beginning of the audit.
The auditors are required to communicate their responsibility for forming and expressing an opinion on the client's financial statements.
The auditors typically end the audit with a representation letter which details the results of substantive procedures the auditors have performed throughout the course of the audit.