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 companies 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

Internal auditors may issue an attestation report on management's assessment of internal controls, but this is not a requirement in management's report on the effectiveness of internal controls over financial reporting. The other options, including a statement of management's responsibility, identification of the framework used for assessment, and an explicit written conclusion about effectiveness, are all required in management's report.

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