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

Question

Quizplus · Accepted Answer

An unqualified opinion on internal control over financial reporting is issued when there are no identified material weaknesses as of the end of the fiscal year (choice A) and when there have been no restrictions on the scope of the auditor's work (choice B). Both conditions must be met for an unqualified opinion. Therefore, the correct answer is choice C.

The Auditor Will Issue an Unqualified Opinion on Internal Control