Question: The auditors identified a material weakness in internal control in August. The client was informed and the client corrected the material weakness prior to year-end
The auditors identified a material weakness in internal control in August. The client was informed and the client corrected the material weakness prior to year-end (December 31); the auditors concluded that management eliminated the material weakness prior to year end. The appropriate audit report on internal control is:
a. Adverse
b. Qualified
c. Unqualified
d. Unqualified with explanatory language relating to the material weakness
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The correct choice is option bUnqualified Explanation a Adverse It states that an entitys financial ... View full answer
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