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QUESTION 6 Daya, CPA recently finished auditing Simba Corporation s internal control over financial reporting. Daya found a number of material weaknesses in the company
QUESTION 6 Daya, CPA recently finished auditing Simba Corporation s internal control over financial reporting. Daya found a number of material weaknesses in the company s internal control structure. Simba's management fixed all of the weaknesses that Daya found. However, Simba's management and their auditors did not have sufficient opportunity to reassess the controls to determine if the fix worked by year end. Which one of the following 4 reports should Daya issue with regard to its assessment of ICFR at Simba Corp? O Unqualified report O Qualified report Adverse report Disclaimer of opinion QUESTION 7 In Sarah's role as an external auditor, she is most concerned with internal control policies and procedures that provide reasonable assurance about the Efficiency of management's decision-making process. O Reasonable prices that the entity should charge for its products. Methods of assigning production tasks to employees. Entity's ability to accurately process and summarize financial data
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