Question
If a material weakness is remediated and sufficiently tested before the as of date, what can an auditor assert about ICFR? a. The ICFR is
If a material weakness is remediated and sufficiently tested before the as of date, what can an auditor assert about ICFR?
| a. | The ICFR is effective and issue an unqualified report | |
| b. | The auditor should issue a disclaimer of opinion | |
| c. | The auditor should issue an adverse opinion | |
| d. | The auditor may issue either an adverse opinion or disclaimer of opinion, depending on the severity of the original material weakness. |
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Corporate And Project Finance Modeling Theory And Practice
Authors: Edward Bodmer
1st Edition
1118854365, 9781118854365
