When Determining What Type of Report to Issue on Internal

question 1

Multiple Choice

When determining what type of report to issue on internal control under Section 404,

• A) an adverse opinion on internal control must be given if any weaknesses in a key internal control is discovered.
• B) a scope limitation requires the auditor to disclaim an opinion on internal controls.
• C) if the auditor gives a qualified opinion on the financial statements, they must give a qualified opinion on internal controls.
• D) a scope limitation requires the auditor to express a qualified opinion or a disclaimer of opinion on internal controls.

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Definitions:

Functionalist Account

A perspective in sociology that emphasizes the ways in which different parts of a society contribute to the whole, particularly in terms of social stability and cohesion.

Poverty

A condition where individuals or groups lack the financial resources to meet basic living needs, such as food, shelter, and healthcare.

Widower

A man who has lost his spouse through death and has not remarried.

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Abnormal accumulations of a protein called tau that form inside neurons, contributing to neurodegenerative diseases such as Alzheimer's disease.