Question 1 1 points Save Answer Auditors often identify less significant internal control-related issues, as well as opportunities for the client to make operational improvements in the management letter. True False Question 2 1 points Save Answer Auditors must prepare a flowchart description in addition to other forms of documentation of internal control for their working papers. The two disadvantages of using flowcharts are their inability to provide an overview of the system and their inapplicability for some audits, especially smaller ones. True O False Question 3 1 points Save Answer In some cases, management can correct deficiencies and material weaknesses before the auditor does significant testing, which may permit a reduction in control risk. Therefore, auditors' communication of internal control significant deficiencies should be addressed only to senior management of the company. True False Question 4 1 points Save Answer An adverse opinion is issued when one or more material internal control weaknesses exist, while a scope limitation requires the auditor to disclaim an opinion on internal controls. O True False