Which of the Following Concerning the Auditor's Report on Internal

question 30

Multiple Choice

Which of the following concerning the auditor's report on internal control over financial reporting is correct?

• A)The auditor's report contains an opinion on the effectiveness of internal control over financial reporting based on the auditor's independent work.
• B)In the report on internal control over financial reporting, the auditor can issue only a qualified or an unqualified opinion.
• C)The auditor needs to state management's assessment of internal control over financial reporting, but does not necessarily need to comment on whether he or she agrees.
• D)An unqualified opinion is required if a material weakness is identified.

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Definitions:

Performance Feedback

The process of providing information to individuals or groups about their performance effectiveness for the purpose of improving their future performance.

Skill Variety

The degree to which a job requires a range of different activities and skills to carry out the work.

Task Significance

The degree to which a job has a substantial impact on the lives or work of other people, either in the immediate organization or in the external environment.

Growth Potential

refers to the capacity for expansion or advancement, either for an individual, a business, or a product in the market.