Which of the following is NOT a requirement in management's report on the effectiveness of internal controls over financial reporting?
A) A statement of management's responsibility for establishing and maintaining adequate internal control user satisfaction.
B) A statement that the organization's internal auditors has issued an attestation report on management's assessment of the company's internal controls.
C) A statement identifying the framework used by management to conduct their assessment of internal controls.
D) An explicit written conclusion as to the effectiveness of internal control over financial reporting.

Question

Quizplus · Accepted Answer

It is not a requirement for management's report to include a statement that the organization's internal auditors have issued an attestation report on management's assessment of the company's internal controls. However, management may choose to include such a statement if an attestation report has been issued. A, C, and D are all requirements for management's report on the effectiveness of internal controls over financial reporting.

Which of the Following Is NOT a Requirement in Management's