Question: when an auditor issues an unqualified opinion about internal control over financial reporting for a publicly traded company, the auditor has obtained reasonable insurance that

when an auditor issues an unqualified opinion about internal control over financial reporting for a publicly traded company, the auditor has obtained reasonable insurance that

1 the likelihood of fraud is minimal

2 detection risk is low

3. internal control over financial reporting is operating effectively

4. the financial statements are fairly presented

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