An accountant's report expressing an opinion on an entity's internal control should:
A) clearly disclaim responsibility for the establishment and maintenance of internal control.
B) state that the study and evaluation of internal control was conducted in accordance with generally accepted auditing standards.
C) include an opinion concerning management's assertions about whether the cost of correcting any material weaknesses or deficiency would exceed the benefits of reducing the risk of errors and irregularities.
D) briefly explain the broad objectives and inherent limitations of internal control.

Question

Quizplus · Accepted Answer

The Answer of An accountant's report expressing an opinion on an entity's internal control should:
A) clearly disclaim responsibility for the establishment and maintenance of internal control.
B) state that the study and evaluation of internal control was conducted in accordance with generally accepted auditing standards.
C) include an opinion concerning management's assertions about whether the cost of correcting any material weaknesses or deficiency would exceed the benefits of reducing the risk of errors and irregularities.
D) briefly explain the broad objectives and inherent limitations of internal control.

An Accountant's Report Expressing an Opinion on an Entity's Internal