An auditor identified a significant deficiency in internal control in December.The client was informed and the client corrected the significant deficiency shortly before year-end (December 31); the auditor agrees that the correction eliminates the significant deficiency as of December 31.The appropriate audit report on internal control under a PCAOB Standard No.2 audit of internal control is:

Question

Quizplus · Accepted Answer

Since the significant deficiency was corrected before year-end and the auditor agrees that the correction eliminates the deficiency as of December 31, an unqualified audit report on internal control is appropriate under PCAOB Standard No. 2.

An Auditor Identified a Significant Deficiency in Internal Control in December.The