Questions
Questions

ACCT:4100:0001 Fall25 Exam 2- Requires Respondus LockDown Browser

Single choice

Which one of the following will an auditor’s ICFR audit include?

Options
A.Expressing an opinion on the material accuracy of income statement balances.
B.Expressing an opinion on the effectiveness of ICFR over the entire year.
C.Designing and implementing the audit client’s internal control system.
D.An evaluation of the period-end financial reporting process controls.
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Step-by-Step Analysis
When considering what an auditor’s ICFR (Internal Control over Financial Reporting) audit includes, we need to focus on what the ICFR engagement actually evaluates. Option 1: 'Expressing an opinion on the material accuracy of income statement balances.' This misstates the scope; the ICFR audit concentrates on the effectiveness of controls ove......Login to view full explanation

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