Which of the following is not part of management's report on internal controls?
A)A statement that management is responsible for internal control.
B)The framework used to evaluate internal control.
C)An assessment of the effectiveness of the company's internal control.
D)A statement indicating the extent of tests performed to assess controls.

Question

Quizplus · Accepted Answer

Management's report on internal controls typically includes a statement that management is responsible for internal control, the framework used to evaluate internal control, and an assessment of the effectiveness of the company's internal control. However, it typically does not include a statement indicating the extent of tests performed to assess controls. This information would be included in the auditor's report on internal controls.

Which of the Following Is Not Part of Management's Report