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:

Dysfunctional Conflict

A type of conflict that hinders organizational performance, threatens its interests, and is characterized by tension and hostility.

Cognitive Origin

The beginning or source of certain thoughts, beliefs, or knowledge within the mind.

Emotional Origin

The source or cause of an emotion within an individual, often rooted in personal experiences or cognitive assessments.

Social Interactions

The engagement and communication between two or more individuals, influencing each other's feelings, thoughts, and behaviors.