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What is a material internal control weakness

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Reference no: EM132536955

Questions -

Q1. What is a material internal control weakness?

Q2. Corp X is issues an unmodified audit report. Does this indicate that the company possesses a strong financial position? Why/why not?

Q3. Is the auditor responsible for uncovering fraud?

Q4. Name 2 situations that will result in an adverse opinion?

Q5. Why is documentation important?

Reference no: EM132536955

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