Which of the Following Is True Regarding the Auditor's Opinion

question 6

Multiple Choice

Which of the following is true regarding the auditor's opinion on the effectiveness of internal control?

• A) The auditor is attesting to the effectiveness of internal controls as of the end of the fiscal year.
• B) If the client remedies a material weakness before the end of the fiscal year, the auditor must still issue a qualified opinion or a disclaimer of opinion.
• C) A scope limitation requires the auditor to issues an adverse opinion.
• D) Section 404 requires that the auditor design the audit to detect all deficiencies in internal control.

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Definitions:

Creative People

Individuals who think outside the box and are able to generate original and innovative ideas or solutions.

OD Intervention

Organizational Development interventions are strategies and techniques employed to improve an organization's effectiveness and health through changes in policies, processes, and culture.

Managerial Innovation

The adoption of novel ways to organize and manage corporate resources, often leading to more effective administration and operations.

Managerial Innovations

New or improved managerial strategies, methods, or practices that aim to enhance organizational performance.