An Audit Firm Has Been Engaged to Report on Whether

question 34

Multiple Choice

An audit firm has been engaged to report on whether a material weakness that previously resulted in an adverse opinion on internal control has been remediated.Which of the following statements is correct?

• A)A significant scope limitation on the auditor's procedures results in a qualified opinion or an adverse opinion.
• B)If there has been an auditor change,the successor auditor may issue such a report.
• C)If while performing the engagement another material weakness is identified,it will result in an adverse opinion relating to the current engagement to report upon the other material weakness.
• D)The engagement may only take place at year-end during the next year's audit of internal control.

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Definitions:

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