Question: An auditor identified a significant deficiency in internal control in December. The client was informed and the client corrected the significant deficiency shortly before year
An auditor identified a significant deficiency in internal control in December. The client was informed and the client corrected the significant deficiency shortly before yearend December ; the auditor agrees that the correction eliminated the significant deficiency as of December The appropriate audit report on internal control under a PCAOB Standard No audit of internal control is:
Multiple Choice
Adverse.
Unqualified.
Unqualified with explanatory language relating to the significant deficiency.
Qualified.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
