21) Which of the following statements included in management's assessment of the effectiveness of internal control over financial reporting would not cause the auditor to disclaim an opinion? A) The entity plans to implement new controls. B) Management believes the cost of correcting a material weakness would exceed the benefits derived from implementing the new controls. D) Management includes disclosures about corrective actions taken by the entity after the date of management's assessment. 22) 22) A modification of the standard report is required for all of the following conditions except: A) management has concluded that internal controls are effective. B) the auditor was not able to apply all the procedures necessary. There is a restriction on the scope of the engagement. D) the presence of a material weakness at the end of the period. 24) - A) They can be used only in auditing online computer systems. B) They can be used to examine an entire population and eliminate the need for They enable the auditor to perform all manual test procedures less expensively. D) It involves auditing while data is being processed. 21) 21) Which of the following statements included in management's assessment of the effectiveness of internal control over financial reporting would not cause the auditor to disclaim an opinion? A) The entity plans to implement new controls. benefits derived from implementing the new controls. C) Disclosure of material weaknesses corrected during the period. D) Management includes disclosures about corrective actions taken by the entity after the date of management's assessment. 22) A modification of the standard report is required for all of the following conditions 22) A) management has concluded that internal controls are effective. B) the auditor was not able to apply all the procedures necessary. C) There is a restriction on the scope of the engagement. D) the presence of a material weakness at the end of the period