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

question 41

Multiple Choice

Which of the following statements included in management's assessment of the effectiveness of internal control over financial reporting would be considered acceptable for issuing an unqualified opinion?

• A) Nothing has come to management's attention to suggest that the entity's internal control is less than effective.
• B) Statements suggesting only negative assurance.
• C) A conclusion that the entity's internal control over financial reporting is effective when a material weakness exists at the end of the reporting period.
• D) Disclosure of material weaknesses corrected during the period.

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Definitions:

Role Senders

Individuals or groups that have expectations about how a particular role should be performed, influencing the behavior of the person in that role.

Preferences

Specific likes or choices of an individual or group, often influencing decision-making.

Role Set

The array of roles a person occupies in a social structure, encompassing a variety of social expectations and behaviors.

Tasks

Set activities or duties to be completed in order to achieve a specific goal.