Multiple Choice
When determining what type of report to issue on internal control under Section 404,
A) an adverse opinion on internal control must be given if any weaknesses in a key internal control is discovered.
B) a scope limitation requires the auditor to disclaim an opinion on internal controls.
C) if the auditor gives a qualified opinion on the financial statements, they must give a qualified opinion on internal controls.
D) a scope limitation requires the auditor to express a qualified opinion or a disclaimer of opinion on internal controls.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Tests of controls<br>A) are the procedures used
Q3: When using the test data approach,<br>A) test
Q4: Evaluating the design of a control involves
Q5: Auditors should obtain an understanding of IT
Q6: Which of the following is true regarding
Q7: Auditing by testing automated internal controls and
Q8: The auditor obtains a sufficient understanding of
Q9: The embedded audit module approach requires the
Q10: It is typical to use both a
Q11: Which of the following is most correct