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

Quizplus · Accepted Answer

Under PCAOB standards, the existence of one or more material weaknesses in internal control at year-end requires the auditor to issue an adverse opinion on the effectiveness of internal control over financial reporting.

When Performing an Internal Control Audit Under PCAOB Requirements, One