Which of the following is NOT a requirement in management’s report on the effectiveness of internal controls over financial reporting?a. A statement of management’s responsibility for establishing and maintaining adequate internal control user satisfaction. b. A statement that the organization’s internal auditors have issued an attestation report on management’s assessment of the company’s internal controls. c. A statement identifying the framework management uses to conduct its assessment of internal controls. d. An explicit written conclusion as to the effectiveness of internal control over financial reporting.
Which of the following is NOT a requirement in management’s report on the effectiveness of internal controls over financial reporting?a. A statement of management’s responsibility for establishing and maintaining adequate internal control user satisfaction. b. A statement that the organization’s internal auditors have issued an attestation report on management’s assessment of the company’s internal controls. c. A statement identifying the framework management uses to conduct its assessment of internal controls. d. An explicit written conclusion as to the effectiveness of internal control over financial reporting.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following is NOT a requirement in management’s report on the effectiveness of internal controls over financial reporting?
a. A statement of management’s responsibility for establishing and maintaining adequate internal control user satisfaction.
b. A statement that the organization’s internal auditors have issued an attestation report on management’s assessment of the company’s internal controls.
c. A statement identifying the framework management uses to conduct its assessment of internal controls.
d. An explicit written conclusion as to the effectiveness of internal control over financial reporting.
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