An Auditor Has Been Engaged to Report on Management's Report

question 49

Multiple Choice

An auditor has been engaged to report on management's report on internal control.Management's report points to a material weakness in its system of internal controls over inventory.The auditor's report should be a(n) ________.

• A)adverse opinion
• B)qualified opinion for a GAAP departure
• C)clean opinion
• D)clean opinion with an emphasis of matter paragraph

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Definitions:

Derogatory Term

A derogatory term is a word or expression used to express disapproval or insult someone or something, often carrying negative connotations and fostering discrimination or prejudice.

Consistent

Acting or done in the same way over time, especially to be fair or accurate.

Gender Role Socialization

The process through which individuals learn the gender roles expected of them by society, based on their sex.

Chemical Engineers

Professionals who apply the principles of chemistry, physics, biology, and mathematics to solve problems that involve the production or use of chemicals, fuel, drugs, food, and many other products.