PCAOB guidance does not identify which of the following situations as one in which the auditor will modify the audit report on ICFR effectiveness?
A)When there is a restriction on the scope of the engagement.
B)When there is other information contained in management's annual report on ICFR.
C)When elements of management's annual report on internal control are incomplete or improperly presented.
D)When the annual report includes a copy of the annual certification pursuant to Section 302 of the Sarbanes-Oxley Act.

Question

Quizplus · Accepted Answer

PCAOB guidance does not identify the inclusion of a copy of the annual certification pursuant to Section 302 of the Sarbanes-Oxley Act as a situation that would require modification of the audit report on ICFR effectiveness. However, situations such as a restriction on the scope of the engagement or incomplete or improperly presented elements of management's annual report on internal control would require modification of the audit report. The presence of other information contained in management's annual report on ICFR may also require modification depending on the nature and materiality of the information.

PCAOB Guidance Does Not Identify Which of the Following Situations