Chapter 1- Fundamental Principles of Assur 14. Which of the following is most likely a form of conclusion for a reasonable assurance engagement? A. "In our opinion, internal control is effective, in all material respects. based on XYZ criteria." B. "Based on our work described in this report, nothing has come to our attention that causes us to believe that internal control is not effective, in all material respects, based on XYZ criteria." C. Both A and B. D. Neither A nor B.

Chapter 1- Fundamental Principles of Assur 14. Which of the following is most likely a form of conclusion for a reasonable assurance engagement? A. "In our opinion, internal control is effective, in all material respects. based on XYZ criteria." B. "Based on our work described in this report, nothing has come to our attention that causes us to believe that internal control is not effective, in all material respects, based on XYZ criteria." C. Both A and B. D. Neither A nor B.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 8CYBK

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2
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4. Subject :- Accoounting
Subject :- Account
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