Which of the following is NOT a condition that must be met before an accountant can conduct an engagement concerning a nonpublic entity's internal control over financial reporting?
A)Management accepts responsibility for the effectiveness of its internal control.
B)Management has appropriately documented the internal controls.
C)Management's evaluation of control can be supported by sufficient evidence.
D)Management presents a written assertion about the effectiveness of its internal control.

Question

Quizplus · Accepted Answer

While management should document its internal controls, this is not a condition that must be met before an accountant can conduct an engagement concerning a nonpublic entity's internal control over financial reporting. The other options (management accepting responsibility, sufficient evidence to support the evaluation, and a written assertion) are all conditions that must be met.

Which of the Following Is NOT a Condition That Must