Which of the following is not part of management's report on internal controls?
A)Management responsibility for control of financial reporting.
B)The framework used to evaluate internal control.
C)An assessment of the effectiveness of the company's internal control.
D)A statement that the company is not required to have an audit on internal control.

Question

Quizplus · Accepted Answer

The management's report on internal controls should include management's responsibility for control of financial reporting, the framework used to evaluate internal control, and an assessment of the effectiveness of the company's internal control. However, a statement that the company is not required to have an audit on internal control is not typically included in the management's report, as it does not provide useful information about the company's internal control.

Which of the Following Is Not Part of Management's Report