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

question 15

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 company's internal control is less than effective.
• B) Statements suggesting only negative assurance.
• C) A conclusion that the company'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:

Adaptive Strategies

are techniques organisms evolve in order to survive and reproduce in their environment, which can include changes in behavior, physiology, and genetic composition.

Tropical Rain Forest

A dense, evergreen forest found in areas with high annual rainfall and no significant dry season, home to a vast diversity of plant and animal species.

High Resilience

A system's or organism's ability to recover from disturbances and maintain functionality.

Non-native Species

Organisms introduced into new habitats where they are not originally from, often causing significant harm to the native ecosystem due to lack of natural predators.