Which of the following statements included in management's assessment of the effectiveness of internal control over financial reporting would be considered acceptable for issuing an unqualified opinion?
A) Nothing has come to management's attention to suggest that the company's internal control is less than effective.
B) Statements suggesting only negative assurance.
C) A conclusion that the company's internal control over financial reporting is effective when a material weakness exists at the end of the reporting period.
D) Disclosure of material weaknesses corrected during the period.

Question

Quizplus · Accepted Answer

Management can disclose material weaknesses that were corrected during the period, as this shows transparency and improvement, allowing for an unqualified opinion if no other issues exist.

Which of the Following Statements Included in Management's Assessment of the Effectiveness