AAA & Associates Recently Finished Auditing LinktheEarth Corporation's Internal Control

question 29

Multiple Choice

AAA & Associates recently finished auditing LinktheEarth Corporation's internal control over financial reporting. AAA found a number of material weaknesses in the entity's internal control. LinktheEarth's management remediated all of the weaknesses that AAA found. However, the auditors did not have sufficient time to retest the controls. What report should AAA issue with regards to internal control over financial reporting at year-end?

• A)Unqualified report.
• B)Adverse report.
• C)Qualified report.
• D)Disclaimer on opinion.

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Definitions:

Divergent Thinking

An imaginative process or tactic employed to devise novel ideas by assessing an array of possible outcomes.

Clothes Hanger

A device around which clothes are hung for storage or display.

Heredity

The genetic transmission of characteristics from parents to offspring.

Intelligence

The ability to acquire and apply knowledge and skills, and adapt to new situations.