Question: The auditor prepares a report on internal control over financial reporting. Required a. Is the auditor also required to audit the companys financial statements at
Required
a. Is the auditor also required to audit the company’s financial statements at the same time? Explain.
b. Does an unqualified report on internal controls over financial reporting imply that the company does not have any significant deficiencies in controls? Explain.
c. If the auditor does not find any material misstatements in the financial statements, can the auditor conclude that there are no material weaknesses in internal control? Explain.
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a Yes for public companies the auditor must audit the financial statements at the same time that the ... View full answer
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