Which of the following is not a condition that must be met before an accountant can conduct an engagement concerning a nonpublic entity's internal control over financial reporting?
A) Management accepts responsibility for the effectiveness of its internal control.
B) Management has appropriately documented the internal controls.
C) Management's evaluation of control can be supported by sufficient evidence.
D) Management presents a written assertion about the effectiveness of its internal control.

Question

Quizplus · Accepted Answer

While it is important for management to document its internal controls, this is not a condition that must be met before an accountant can conduct an engagement on the entity's internal control over financial reporting. The other three conditions listed are all necessary for the accountant to be able to conduct such an engagement. Specifically, management must accept responsibility for the effectiveness of its internal control, its evaluation of control must be supported by sufficient evidence, and it must present a written assertion about the effectiveness of its internal control.

Which of the Following Is Not a Condition That Must