Which of the Following Statements Included in Management's Assessment of the Effectiveness

question 32

Multiple Choice

Which of the following statements included in management's assessment of the effectiveness of internal control over financial reporting would not cause the auditor to disclaim an opinion?

• A)Management includes disclosures about corrective actions taken by the entity after the date of management's assessment.
• B)The entity plans to implement new controls.
• C)Management believes the cost of correcting a material weakness would exceed the benefits derived from implementing the new controls.
• D)Disclosure of material weaknesses corrected during the period.

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Definitions:

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Clerical Test Battery

A set of standardized tests designed to measure abilities important for success in clerical and administrative positions, such as typing speed, accuracy, and filing capabilities.

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A classification of tests based on their purpose, content, or the skills they assess.

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