In an Audit Report on the Effectiveness of ICFR for a Public

question 30

True/False

In an audit report on the effectiveness of ICFR for a public company, the scope paragraph mentions that auditors are only required to obtain reasonable assurance about whether the company maintained, in all material respects, effective ICFR.

---

Definitions:

Products

Goods or items that have been manufactured or refined for sale and use.

Artificial Neural Networks

Computing systems vaguely inspired by the networks of neurons in the human brain, designed to recognize patterns and solve complex problems by learning from data.

Neural Networks

Computational models designed to simulate the way the human brain analyzes and processes information, used broadly in artificial intelligence.

Product's Code

A unique identifier assigned to a product, usually in the form of an alphanumeric string, which helps in identifying and tracking the product.