Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Match the terms as they relate to internal control and/or auditor reporting on internal control with the best description. Replies may be used more than
Match the terms as they relate to internal control and/or auditor reporting on internal control with the best description. Replies may be used more than once.
List of terms:
Adverse opinion
As of date
Complementary control
Control Deficiency
Detective control
Material weakness
None of the options apply
Preventive Control
Section 302 of the Sarbanes Oxley Act
Significant deficiency
1. | A control deficiency that allows more than a remote possibility of material misstatement |
2. | A control deficiency that allows more than a reasonable possibility of material misstatement. |
3. | A control deficiency that allows more than a probably possibility of material misstatement. |
4. | A control designed to stop a misstatement from occurring. |
5. | A control that is designed to identify errors or fraud after they have occurred. |
6. | A control that functions with another to achieve the same objective. |
7. | A weakness in the design or operation of a control. |
8. | A weakness important enough to merit attention, but less severe than a material misstatement. |
9. | Date audit report issued. |
10. | Last day of the client's fiscal period. |
11. | Opinion type issued when one or more significant deficiencies exist. |
12. | Opinion type issued when one or more material weaknesses exist. |
13. | Section of the Sarbanes-Oxley Act that requires each of a company's principal executives and financial officers to certify the financial and other information in quarterly and annual reports. |
14. | Section of the Sarbanes-Oxley Act that requires the audit of internal control over financing reporting. |
15. | Section of the Sarbanes-Oxley Act that requires the compilation of interim information. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started