When performing an internal control audit under PCAOB requirements,one or more material weaknesses in internal control that exist at year-end may result in what type of report(s): $$\begin{array} { c }
&\text { Qualified}&\text{ Adverse }\
\text { A) } & \text { Yes } & \text { Yes } \
\text { B) } & \text { Yes } & \text { No } \
\text { C) } & \text { No } & \text { Yes } \
\text { D) } & \text { No } & \text { No }
\end{array}$$
A)Option A
B)Option B
C)Option C
D)Option D

Question

When performing an internal control audit under PCAOB requirements,one or more material weaknesses in internal control that exist at year-end may result in what type of report(s): $$\begin{array} { c } 
&\text { Qualified}&\text{ Adverse }\
\text { A) } & \text { Yes } & \text { Yes } \
\text { B) } & \text { Yes } & \text { No } \
\text { C) } & \text { No } & \text { Yes } \
\text { D) } & \text { No } & \text { No }
\end{array}$$
A)Option A
B)Option B
C)Option C
D)Option D

Quizplus · Accepted Answer

Under PCAOB standards, the presence of one or more material weaknesses in internal control at year-end results in an adverse opinion, not a qualified opinion.

When Performing an Internal Control Audit Under PCAOB Requirements,one or More