This topic contains a solution. Click here to go to the answer

Author Question: When determining what type of report to issue on internal control under Section 404, (Read 237 times)

0220521

  • Full Member
  • ***
  • Posts: 130

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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by 0220521 on Aug 21, 2022

bmac98

  • Full Member
  • ***
  • Posts: 180
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.
Answer Preview
Only 39% of students answer this correctly




0220521

  • Member
  • Posts: 130
Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it


amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library