The auditor is only concerned about the aggregate internal control deficiencies when determining the appropriate opinion on internal control over financial reporting (ICFR).

Question

Quizplus · Accepted Answer

The auditor is not only concerned about the aggregate internal control deficiencies but also the severity of those deficiencies, which can affect the appropriateness of the opinion on ICFR. The auditor must evaluate the overall effect of any identified deficiencies on the company's ability to produce accurate financial statements.

The Auditor Is Only Concerned About the Aggregate Internal Control