In reporting on a nonpublic entity's internal control over financial reporting,an accountant should include a paragraph that describes the
A) Documentary evidence regarding the control environment factors.
B) Changes in the entity's internal control since the prior report.
C) Potential benefits from the accountant's suggested improvements.
D) Inherent limitations of internal control.

Question

Quizplus · Accepted Answer

The accountant's report should include a paragraph describing the inherent limitations of internal control to inform users that internal control may not prevent or detect all misstatements.

In Reporting on a Nonpublic Entity's Internal Control Over Financial