An external auditor provides a separate opinion on the effectiveness of internal control for large publicly traded companies.

Question

Quizplus · Accepted Answer

External auditors are required to provide an opinion on the effectiveness of internal control over financial reporting for large publicly traded companies as part of their audit work. This opinion is included in the company's annual report and is an important factor in the decision-making process of investors and other stakeholders.

An External Auditor Provides a Separate Opinion on the Effectiveness