In order for an external auditor to complete an audit of a public company, the entity's management must comply with all of the following except:
A)accept responsibility for the effectiveness of the entity's internal control over financial reporting.
B)evaluate the effectiveness of the entity's internal control over financial reporting using suitable control criteria.
C)support its evaluation with sufficient evidence, including documentation.
D)present an oral assessment of the effectiveness of the entity's internal control over financial reporting as of the end of the entity's most recent fiscal year.

Question

Quizplus · Accepted Answer

The management is required to present a written assessment of the effectiveness of the entity's internal control over financial reporting as of the end of the entity's most recent fiscal year, rather than an oral assessment.

In Order for an External Auditor to Complete an Audit