Internal control over financial reporting

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Reference no: EM13130654

An auditor has been hired to report on an nonissuer's internal control over financial reporting. Which of the following best describes a reporting option in this scenario?

a) If management fails to provide a written representation letter acknowledging its responsibility for the effectiveness of internal control, the auditor will generally issue an unqualified opinion with additional explanatory language.

b) When a material weakness exists, the auditor should issue an adverse opinion.

c) When a significant deficiency exists, the auditor may issue either a qualified or adverse opinion.

d) If management fails to provide a written representation letter acknowledging its responsibility for the effectiveness of internal control, the auditor may issue either a qualified opinion or an adverse opinion.

Reference no: EM13130654

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