Under CICA rules,the auditor verifies the accuracy of management's internal controls statement just as he or she verifies the accuracy of financial statements.

Question

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According to CICA (Canadian Institute of Chartered Accountants) rules, the auditor is required to assess and report on the adequacy of the company's internal control over financial reporting. Therefore, the statement is true.

Under CICA Rules,the Auditor Verifies the Accuracy of Management's Internal