Dillon Is Auditing Byrne Corp

question 14

Multiple Choice

Dillon is auditing Byrne Corp., a public company. Byrne recently implemented a new accounting system. As part of the ICFR audit, Dillon discovers that material controls surrounding access to the new software were only partially installed. Dillon should:

• A) withdraw from the audit.
• B) issue a disclaimer opinion on the ICFR.
• C) issue an adverse opinion on the ICFR.
• D) depending on the circumstances, the auditor may choose any of the above.

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Definitions:

Common Purpose

A shared goal or mission that unites a group or team in their efforts.

High-Performance Teams

Groups characterized by high levels of collaboration and productivity, aiming to achieve superior results.

Communication Mechanisms

refer to the methods or systems used to convey information, ideas, or messages between people, including verbal, non-verbal, written, and digital forms.

Social Loafer

An individual who contributes less to a group task, relying on others to carry the workload.