Which of the following statements is not true with respect to the auditors report on internal control over financial reporting?
a. The report will be dated as of the date of the financial statements.
b. The report will express an opinion on the effectiveness of internal control over financial reporting.
c. The auditor will issue an adverse opinion if one or more material weaknesses exist.
d. The report may be presented with the report on the entity’s financial statements as a combined report.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Question Posted: October 27, 2014 05:35:17