Question: Presley Paper Products despite a weak internal control system on accounts payable, complied with the accounting and auditing standards. Which of the following is most
Presley Paper Products despite a weak internal control system on accounts payable, complied with the accounting and auditing standards. Which of the following is most likely true with the type of audit report they will receive? Select answer from the options below 1. will get an adverse opinion on the financial statments but an unqualified opinion on ICFR 2. will get a disclaimer of opinion on both. 3. can still get an unqualified opinion on its financial statements 4. is more likely to get an adverse opinion on both ICFR and financial statements
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