Which of the following concerning the auditor's report on internal control over financial reporting is correct?
A)The auditor's report contains an opinion on the effectiveness of internal control over financial reporting based on the auditor's independent work.
B)In the report on internal control over financial reporting, the auditor can issue only a qualified or an unqualified opinion.
C)The auditor needs to state management's assessment of internal control over financial reporting, but does not necessarily need to comment on whether he or she agrees.
D)An unqualified opinion is required if a material weakness is identified.

Question

Quizplus · Accepted Answer

The auditor's report on internal control over financial reporting contains an opinion on the effectiveness of internal control over financial reporting based on the auditor's independent work. This opinion can be unqualified, qualified, or adverse. Additionally, the report must include a description of any material weaknesses in internal control that were identified during the audit.

Which of the Following Concerning the Auditor's Report on Internal