When an Adverse Opinion Is Issued Regarding Internal Control Over

Multiple Choice

When an adverse opinion is issued regarding internal control over financial reporting (ICFR) , the auditor_______.

A) opines that the company has fairly reported its financial statements in accordance with Generally Accepted Accounting Principles (GAAP)
B) makes a clear statement that the company has not maintained effective internal control for the period under audit
C) makes a clear statement that the company has maintained effective internal control for the period under audit
D) is not entitled to receive full compensation for services rendered during the audit