The service auditor's Type 2 report contains
A) an opinion on the reasonableness of the financial statements.
B) the two opinions about the description and suitability of the design of controls that are issued in a Type 1 report plus an additional opinion about the operating effectiveness of controls throughout the period.
C) an opinion only on the operating effectiveness of the controls.
D) an opinion on the service company's website.

Question

Quizplus · Accepted Answer

The Type 2 report includes both the opinions given in a Type 1 report (description and suitability of controls) as well as an additional opinion on the operating effectiveness of controls throughout the period. It does not include an opinion on financial statements or the service company's website.

The Service Auditor's Type 2 Report Contains