With the Issuance of the SEC Interpretative Guidance and the Implementation

Multiple Choice

With the issuance of the SEC Interpretative Guidance and the implementation of AS5:

A) Auditors no longer opine on the effectiveness of management's internal control reporting process.
B) The number of controls that need to be documented, evaluated, and tested is reduced.
C) Both a. and b.
D) Neither a. nor b.