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Question 3 Managements assessment of internal control over financial reporting consists of two key aspects. Which of the key aspects are correct O A Design

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Question 3 Managements assessment of internal control over financial reporting consists of two key aspects. Which of the key aspects are correct O A Design of Internal control and materiality of those controls OB Design of internal control and operating effectiveness of those controls OC Operating effectiveness of internal controls and costs of those controls OD Materiality of internal controls and costs of those controls Ach Question 4 pente Which of the following prinsis Way to led by the auditor there are no debe ter weakness of the end of the focal year and there have been the of the world A Ungd opinion O Adresi O Quedin Activate Windows Disclaimers opinion Question Which of the following statements regarding a company's internal control over financial reporting is incorrect? O A Many control leave a dear trail of documentary evidence about the effective operation of controls OB Inquiry of appropriate dient personnel is a highly reliable source of evidence about the effective operation of controls OC For those controls, leaving no documentary evidence, the auditor generally observes them being applied at various points during the year O D. Asessing control is requires the auditor to consider the design, implementation, and operation of controls Activate

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