Which of the following factors can mitigate concerns that the auditor might otherwise have about a material weakness that was identified at an interim date?
A) Remediation of the control deficiency after the interim date.
B) Existence of a compensating control at the year-end date that was also present at the interim date.
C) Weaknesses in the control environment.
D) Ineffectiveness of oversight and governance.

Question

Quizplus · Accepted Answer

If the control deficiency is remediated after the interim date, it can mitigate concerns about the material weakness, as it indicates that the issue has been addressed before the year-end.

Which of the Following Factors Can Mitigate Concerns That the Auditor