Author Question: The auditor will issue an unqualified opinion on internal control over financial reporting when (Read 111 times)

hannahmadyronde · **on:** Aug 21, 2022

Question 1

How must significant deficiencies and material weaknesses be communicated to those charged with governance?
◦ Either oral or written communication is acceptable.
◦ Oral communication is required.
◦ Written communication is required.
◦ Written communication is required for material weaknesses, but oral communication is allowed for significant deficiencies.

Question 2

The auditor will issue an unqualified opinion on internal control over financial reporting when
◦ there are no identified material weaknesses as of the end of the fiscal year.
◦ there have been no restrictions on the scope of the auditor's work.
◦ both there are no identified material weaknesses as of the end of the fiscal year and there have been no restrictions on the scope of the auditor's work
◦ either there are no identified material weaknesses as of the end of the fiscal year or there have been no restrictions on the scope of the auditor's work

dsd1212 · **Reply #1 on:** Aug 21, 2022

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