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.

Assess the factors influencing the choice of a cost driver in cost estimation.

Recognize the different classifications of costs in activity-based costing.

Evaluate the implications of volume changes on different types of costs.

Identify the assumptions and criteria necessary for regression analysis in cost estimation.