An auditor has been engaged to report on management's report on internal control.Management's report points to a material weakness in its system of internal controls over inventory.The auditor's report should be:

Question

Quizplus · Accepted Answer

An emphasis of matter paragraph is required when the auditor, having obtained sufficient appropriate evidence, concludes that management's report on internal control over financial reporting includes a material weakness.

An Auditor Has Been Engaged to Report on Management's Report