If there is a material weakness in internal control over the financial reporting process,the auditor
A)expresses a qualified opinion on the effectiveness of internal control over financial reporting
B)considers the effect of compensating controls and whether the compensating control prevents or detects a material misstatement in the financial statements
C)expresses a subject to opinion on the effectiveness of internal control over financial reporting
D)expresses an adverse opinion on the effectiveness of internal control over financial reporting

Question

Quizplus · Accepted Answer

If there is a material weakness in internal control over the financial reporting process, the auditor expresses an adverse opinion on the effectiveness of internal control over financial reporting. This means that the auditor believes that the company's internal controls are not effective in preventing or detecting material misstatements in the financial statements, and that this could lead to a material misstatement in the financial statements. An adverse opinion is the most severe type of opinion the auditor can give.

If There Is a Material Weakness in Internal Control Over