Question

• Which of the following is not one of the evaluations of the control environment of an organization?
• A.Whether management's philosophy and operating style promote effective internal control over financial reporting
• B.Whether sound integrity and ethical values, particularly of top management, are developed and understood
• C.Whether the Board or audit committee understands and exercises oversight responsibility over financial reporting and internal control
• D.Whether the company has an anonymous hot line

Question 6 of 40

• Typically, when a going concern issue exists the auditor should:
• A.Issue an unmodified opinion with an emphasis-of-matter paragraph
• B.Issue a modified opinion and explain the reasons for the going concern issue
• C.Issue a disclaimer of opinion
• D.Withdraw from the engagement