Auditor report on ICFR: After auditing the effectiveness of an entity’s internal control, the auditor has to issue an opinion. if internal control is operating effectively in all material respects, the auditor will issue an unqualified opinion. If any material weaknesses are identified, the auditor will issue an adverse opinion. The draft of auditor’s report for an audit of ICFR for the given material weakness.

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Chapter 7, Problem 7.43P

To determine

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Auditor report on ICFR: After auditing the effectiveness of an entity’s internal control, the auditor has to issue an opinion. if internal control is operating effectively in all material respects, the auditor will issue an unqualified opinion. If any material weaknesses are identified, the auditor will issue an adverse opinion.

The draft of auditor’s report for an audit of ICFR for the given material weakness.

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