The discovery of an intentional misstatement,even if immaterial,could impact the auditor's opinion on the effectiveness of which of the following?
A)The client's external controls.
B)The client's interim financial statements.
C)The client's internal controls over financial reporting.
D)The client's segment reports.

Question

Quizplus · Accepted Answer

The intentional misstatement, even if immaterial, indicates a weakness or breakdown in the client's internal controls over financial reporting, which could impact the auditor's opinion on the effectiveness of those controls. The other options are not directly related to the intentional misstatement.

The Discovery of an Intentional Misstatement,even If Immaterial,could Impact the Auditor's