Adverse opinion

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  • #192990
    Anonymous
    Inactive

    In auditing the internal control of a public company under PCAOB standards, an auditor must issue an adverse opinion if

    A control deficiency exists at the as of date.

    A material weakness exists at the as of date.

    A significant deficiency exists at the as of date.

    Management identifies a significant deficiency at the as of date.

    B. This answer is correct because an adverse opinion is appropriate when a material weakness exists at the as of date.


    It says the “as of date”. Is that the balance sheet date?

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  • #660082
    thechapman
    Member

    Basically, yes

    Passed - 2014

    #660083
    Anonymous
    Inactive

    Sweet, thanks.

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