If the audit team identifies a material weakness in internal control over financial reporting in the audit of an issuers financial statements, their report on internal control over financial reporting would express a(n):

Multiple Choice

• Adverse opinion with an explanatory paragraph describing the material weakness.

• Unqualified opinion with an explanatory paragraph describing the material weakness.

• Disclaimer of opinion with an explanatory paragraph describing the material weakness.

• Qualified or adverse opinion (depending on the severity of the material weakness) with an explanatory paragraph describing the material weakness.