Question: first two option are incorrect If the auditor determines that an internal control deficiency is either a significant deficiency or a control deficiency, the auditor

first two option are incorrect

If the auditor determines that an internal control deficiency is either a significant deficiency or a control deficiency, the auditor will Wive a/an on internal controls over financial reporting (ICFR)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

are controls that do not rely on the client's information technology (IT) environment for their operation. A. Automated controls B. Manual controls c. Computer application controls D. IT general...

If the auditor is auditing a public company in the United States and must report on internal controls over financial reporting (ICFR), the identification of one or more material weaknesses _______....

plz help QUESTION 7 If the auditor determines that an internal control deficiency is either a significant deficiency or a control deficiency, the auditor will issue a/an internal controls over...

1) When designing tests of controls, consideration is given to __________________with the transaction (the risk of material misstatement) at the assertion level. 2) If the auditor determines that an...

If the auditor determines that an internal control deficiency is either a significant deficiency or a control deficiency, the auditor will issue a / an on internal controls over financial reporting (...

attach relative notes And please answer the questions part by part (separate) Case: Far East Plastics Ltd. You are the audit manager in charge of the audit of Far East Plastics ("FEP") Ltd., for the...

Hi can u pls help me to find out the auditing MCQ questions answer .I attach a file.please.My email id is (ruhin_1986@yahoo.com) 1 Marks: 1 When an auditor calculates the gross margin as a percent of...

pls high light the answer in red!!! again pls make sure have at least 90% correct, otherwise answer will be...

plz highlight answer in RED!!!!!!!!!!!!!! 93% COORECT ARE NEEDED!!!!!!!!!! if not, answer wil not accetpt!!!!!!!!!!!!!!! plz!!!!!!!!!! carefully answer Question 1 of 45 Which of the following...

3. An external force F is applied to move a conducting current carrying loop. The loop is lying partially in a magnetic field perpendicular to the loop surface, as shown in the figure. Show that the...

In alphabetical order below are current asset items for Ruiz Companys balance sheet at December 31, 2012. Prepare the current assets section (including a complete heading). Accounts receivable...

The effective tax rate is obtained by dividing amount of tax by A ) the taxable income. B ) the marginal tax rate uses. C ) the amount of tax and taxable income. D ) the amount of tax and total...

What is the difference between Capital Allocation Line, Capital Market Line and Security Market Line?

a lack of management responsibility concerning ecological issues and the utilization of scarce resources.

a neglect of quality in relationship to international competitors;

full employment policies, and therefore lack of concern with negative appraisal, as salaries varied very little and there was no danger of unemployment;