An accountant's report expressing an opinion on an entity's internal controls should state that
A) only those controls on which the accountant intends to rely for purposes of the financial statement audit were reviewed, tested, and evaluated.
B) the establishment and maintenance of the internal controls is the responsibility of management.
C) the study and evaluation of the internal controls was conducted in accordance with generally accepted auditing standards.
D) distribution of the report is restricted for use only by management and the board of directors.

Question

Quizplus · Accepted Answer

The report should state that the establishment and maintenance of internal controls is the responsibility of management, as this is a fundamental principle in auditing.

An Accountant's Report Expressing an Opinion on an Entity's Internal