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

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