The auditor prepares a report on internal control over financial reporting Required a Is the auditor also required to audit the companys financial statements at the same time Explain b Does an unqualified report on internal controls over financial reporting imply that the company does not have any ...

a Yes for public companies the auditor must audit the financial statements at the same time that the ...

The auditor prepares a report on internal control over financial reporting. Required a. Is the auditor also

Question:

The auditor prepares a report on internal control over financial reporting.

Required
a. Is the auditor also required to audit the company’s at the same time? Explain.
b. Does an unqualified report on internal controls over financial reporting imply that the company does not have any significant deficiencies in controls? Explain.
c. If the auditor does not find any material misstatements in the can the auditor conclude that there are no material weaknesses in internal control? Explain.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...