3 Questions
What is a requirement for an audit of both an issuer's and a nonissuer's financial statements?
The auditor is required to refer to a recognized control framework in performing the audit of internal control over financial reporting.
What does the auditor need to express an opinion on in an audit of financial statements?
The effectiveness of the company's internal control over financial reporting.
What is the auditor required to assess in an audit of both an issuer's and a nonissuer's financial statements?
The effectiveness of management's assessment of the company's internal control over financial reporting.
Test your knowledge of auditing requirements with this quiz. Identify the key requirements for auditing both issuer and nonissuer financial statements.
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