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Author Question: When determining what type of report to issue on internal control under Section 404, (Read 243 times)

0220521

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on: Aug 21, 2022

Question 1

What type of report is issued when one or more material internal control weaknesses exist?
◦ unqualified opinion
◦ disclaimer of opinion
◦ adverse opinion
◦ qualified opinion

Question 2

When determining what type of report to issue on internal control under Section 404,
◦ an adverse opinion on internal control must be given if any weaknesses in a key internal control is discovered.
◦ a scope limitation requires the auditor to disclaim an opinion on internal controls.
◦ if the auditor gives a qualified opinion on the financial statements, they must give a qualified opinion on internal controls.
◦ a scope limitation requires the auditor to express a qualified opinion or a disclaimer of opinion on internal controls.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by 0220521 on Aug 21, 2022

bmac98

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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0220521

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Reply 2 on: Aug 21, 2022
Excellent

ttt030911

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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