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Upon conclusion of the audit of Fenton Corporation, the external auditors have determined that a material weakness exists in the client's system of internal control.
Upon conclusion of the audit of Fenton Corporation, the external auditors have determined that a material weakness exists in the client's system of internal control. As a result of this finding, which of the following are the auditors most likely to do? The auditors are likely to issue an unmodified opinion on the financial statements, and a qualified opinion on internal control. O The auditors are likely to issue a qualified opinion on internal control, and an unmodified opinion on the financial statements. O The auditors are likely to issue an adverse opinion on internal control, with details of the material weakness provided in a separate paragraph. O The auditors are likely to disclaim an opinion on both the client's system of internal control and financial statements, in order to preserve the reputation of the firm
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