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Scope limitations in an internal control audit for a public audit client can result in a qualified or disclaimer of opinion depending on the extent
- Scope limitations in an internal control audit for a public audit client can result in a qualified or disclaimer of opinion depending on the extent of the limitation. True or False
- In the audit of internal controls for public companies, the focus is on whether internal control is effective at a point in time-the as of date-which is ordinarily the last day of the client's fiscal period. True or False
- Redundant controls are those that work together to achieve a particular control objective. True or False
- Which of the following circumstances and audit opinions is not correct for an auditor's opinion on internal control?
a. Scope limitation- qualified opinion
b. Client has a material weakness not corrected by year end - Adverse opinion
c. Client had a material weakness corrected but not tested at year end - Disclaimer of opinion
d. Client had a material weakness corrected and tested by year end - unmodified opinion
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