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butalik [34]
3 years ago
12

When reporting on conditions relating to an entity's internal control observed during an audit of the financial statements, the

auditor should include a Description of tests performed to search for material weaknesses. Statement of positive assurance on the structure. Paragraph describing the inherent limitations of the structure. Restriction on the distribution of the report.
Business
1 answer:
Alinara [238K]3 years ago
3 0

Answer:

a Description of tests performed to search for material weaknesses.

Explanation:

When reporting on conditions relating to an entity's internal control observed during an audit of the financial statements, the auditor should include a Description of tests performed to search for material weaknesses.

Tests of controls may be performed to test the effectiveness of certain controls that auditors consider relevant to preventing and detecting errors and fraud that are material to the financial statements, <u>thereafter a management report must be issued to the audit committee for any deficiencies in controls to be addressed.</u> The management letter describes the tests performed and the results in each category

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Answer:

profit sharing

Explanation:

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2 years ago
WHICH OF THE FOLLOWING WILL CAUSE NO CHANGE IN PRODUCER SURPLUS? A) IMPOSITION OF A NON BINDING PRICE CEILING IN THE MARKET. B)
Svetllana [295]
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5 0
3 years ago
Suppose that government officials have set an emissions tax to reduce pollution. Assume that the optimal tax would be $1,500, bu
Mariulka [41]

Answer: there will be too much pollution

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8 0
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3. According to their comparative advantage, Alphaland specializes in axes and Betaville specializes in batons. Alphaland will t
Nady [450]

Answer: Option (C) is correct.

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