Question 31Which of the following statements is not true with respect to the auditors' report on internal control over financial reporting? The report will be dated as of the date of the financial statements The report will express an opinion as to the effectiveness of internal controls The auditor will issue an adverse opinion if one or more material weaknesses exist. The report may be presented with the report on the entity's financial statements as a combined report.

An audit report is crucial in order to determine the reliability of the financial reports of an…

Answered: Which of the following statements is…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 48CYBK

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Question 31

Which of the following statements is not true with respect to the auditors' report on internal control over financial reporting?

		The report will be dated as of the date of the financial statements
		The report will express an opinion as to the effectiveness of internal controls
		The auditor will issue an adverse opinion if one or more material weaknesses exist.
		The report may be presented with the report on the entity's financial statements as a combined report.

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