To issue an unqualified opinion on internal control over financial reporting, there must be no identified material weaknesses and no restrictions on the scope of the audit.

Question

Quizplus · Accepted Answer

An unqualified opinion on internal control over financial reporting requires that there are no identified material weaknesses and no restrictions on the scope of the audit. This means that the auditor has found that the internal controls are effective and reliable in ensuring the accuracy of the financial statements. Any identified material weaknesses or limitations on the scope of the audit would result in a qualified or adverse opinion.

To Issue an Unqualified Opinion on Internal Control Over Financial