What is the typical outcome when an auditor discovers a material weakness in the design or operation of controls?
A)An adverse opinion unless management corrects the defect before year-end.
B)An adverse opinion even if management corrects the defect before year-end.
C)The firing of the auditors.
D)Adjusting audit journal entries.

Question

Quizplus · Accepted Answer

If the auditor discovers a material weakness in the design or operation of controls, they will issue an adverse opinion unless management corrects the defect before year-end.

What Is the Typical Outcome When an Auditor Discovers a Material