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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) ________.


Definitions:

Mandated Laws

Regulations or statutes enacted by legislative bodies that require individuals or organizations to perform specific actions.

Congress

The legislative body of the United States government, consisting of two houses: the Senate and the House of Representatives, responsible for making laws.

Constitution

The fundamental set of laws and principles that establishes the framework and governance structure of a nation or organization.

Sponsor Introduces Law

The action taken by a legislator to propose new legislation or amendments for consideration by a legislative body.

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