Question 5 1 points Save Ans In order for the auditor to determine whether a significant internal control deficiency is a material weakness, the deficiency should be evaluated along one of the following two dimensions: likelihood or significance. CD True O False Question 6 1 points Save A To issue a qualified opinion on internal control over financial reporting, there must be no identified material weaknesses and no restrictions on the scope of the audit. O True O False Question 7 Observation of the counting of inventory procedures is least likely to be considered a risk assessment procedure. O True False Question 8 1 points Sav If the auditors' assessment of the design of internal control reveals that it cannot be relied upon, the auditors are not required to prepare any documentation of internal control for their working papers. True False