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Can you explain two specific responsibilities of those charged with governance under ISA two sixty?

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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/02/22
Fathi Matbaq
by Fathi Matbaq , Senior Purchasing Officer , Alghanim Industries

As per ISA 260; 1- To provide those charged with governance with timely observations arising from the audit that are significant and relevant to their responsibility to oversee the financial reporting process; and 2- To promote effective two-way communication between the auditor and those charged with governance.

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