If the auditors encounter a significant scope limitation in evaluating a public company’s internal control over financial reporting, which of the following types of opinions on the effectiveness of the company’s internal control over financial reporting would be appropriate?a. Unqualified opinion or adverse opinion.b. Qualified opinion or adverse opinion.c. Unqualified opinion or disclaimer of opinion.d. Disclaimer of opinion.
If the auditors encounter a significant scope limitation in evaluating a public company’s internal control over financial reporting, which of the following types of opinions on the effectiveness of the company’s internal control over financial reporting would be appropriate?a. Unqualified opinion or adverse opinion.b. Qualified opinion or adverse opinion.c. Unqualified opinion or disclaimer of opinion.d. Disclaimer of opinion.
Chapter1: Comprehensive Cases
Section1.11: New Century Financial Corporation
Problem 3Q
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If the auditors encounter a significant scope limitation in evaluating a public company’s internal control over financial reporting, which of the following types of opinions on the effectiveness of the company’s internal control over financial reporting would be appropriate?
a. Unqualified opinion or adverse opinion.
b. Qualified opinion or adverse opinion.
c. Unqualified opinion or disclaimer of opinion.
d. Disclaimer of opinion.
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