The Audit Opinion of a Public Company Is Similar to an Opinion

question 46

True/False

The audit opinion of a public company is similar to an opinion for a private company except for the public company comments will be added as to the effectiveness of internal control over financial reporting.

---

Definitions:

Individuation

The psychological process by which an individual becomes distinct and independent by differentiating from others, especially from familial and societal norms.

Autonomy

is the capacity and right of individuals to make their own choices and decisions, free from external coercion or constraint.

Differentiation

Process by which cells acquire specialized structures and functions.

Self-Discipline

The ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.