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For each of the following situations, describe how the auditors' report on internal control over financial reporting would be modified from the standard, unqualified report.
For each of the following situations, describe how the auditors' report on internal control over financial reporting would be modified from the standard, unqualified report. Do not write the actual reports. a. The audit team has identified a material weakness in the processing of sales transactions. This weakness has been disclosed by management in its report. b. Because a relatively short period of time has passed since a control weakness was remediated, the audit team does not believe that sufficient evidence can be obtained with respect to the operating effectiveness of the entity's internal control over financial reporting. c. Component auditors have audited a significant component of the group financial statements, including internal control over financial reporting relating to that component. They did not find a material weakness in internal control, and the group auditor believes the component auditor's work can be relied on. d. The audit team believes that the entity's management has not adequately disclosed a material weakness in its internal control over financial reporting
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