Reference no: EM132608175

Question 1: Scope limitations in an internal control audit for a public audit client can result in a qualified or disclaimer of opinion depending on the extent of the limitation. True or False

Question 2: In the audit of internal controls for public companies, the focus is on whether internal control is effective at a point in time-the as of date-which is ordinarily the last day of the client's fiscal period. True or False

Question 3: Redundant controls are those that work together to achieve a particular control objective. True or False

Question 4: Which of the following circumstances and audit opinions is not correct for an auditor's opinion on internal control?

a. Scope limitation- qualified opinion

b. Client has a material weakness not corrected by year end - Adverse opinion

c. Client had a material weakness corrected but not tested at year end - Disclaimer of opinion

d. Client had a material weakness corrected and tested by year end - unmodified opinion