Question
The existence of a material weakness led to an adverse opinion in the internal control audit report of a publicly traded company. Which correct if
The existence of a material weakness led to an adverse opinion in the internal control audit report of a publicly traded company. Which correct if management believes that it has remediated the weakness?
A. Management is required to engage the auditors to report on whether the material weakness continues to exist prior to its next annual audit.
B. Management may engage the auditors to report on whether the material weakness continues to exist prior to its next annual audit.
C. Management may not engage the auditors to report on whether the material weakness continues to exist prior to its next annual audit.
D.Management may engage the auditors to modify the prior adverse audit report be modified to an unqualified report.
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