Following an audit report identifying a material weakness in internal control over financial reporting,
A)the auditor must be hired to complete a mandatory engagement to determine if a material weakness has been corrected
B)the auditor should be hired to complete an engagement to determine if a material weakness has been corrected
C)the auditor may be hired to complete a voluntary engagement to determine if a material weakness has been corrected
D)the auditor should be hired to complete a voluntary engagement to determine if a material weakness has been corrected

Question

Quizplus · Accepted Answer

After identifying a material weakness in internal control over financial reporting, it is not mandatory for the auditor to be rehired to verify if the weakness has been corrected. The company may choose to engage the auditor voluntarily to perform such an engagement, but it is not a requirement.

Following an Audit Report Identifying a Material Weakness in Internal