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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › TCWG vs Management
Hello Mike
I’m looking at an answer here which say that if no note is provided in the financial statements then this should be discussed with the highest level of management.
I was thinking that it should have been discussed with those charged with governance.
So my questions to you are:
Why does the answer have mgmnt and not TCWG?
What is the criteria for speaking to mgmnt as opposed to TCWG?
Management would be your first point of call asking management to change (or, if appropriate, to include) the offending note
If management continue to refuse to effect that change, that’s the time when you should be communicating with the non-executives and, particularly, the audit committee
OK?