Quiz 2 - Question 1 0.5 0.5 points If the auditor disagrees...

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Question 1 0.5 / 0.5 points If the auditor disagrees with management’s assertion of internal control, the auditor: Question options: ignores this and issues the proper opinion. refuses to issue a proper opinion. notes this in the footnotes. notes this in the audit report. Question 2 0.5 / 0.5 points An integrated audit consists of: Question options: A) examining the effectiveness of internal control and the fairness of the financial statements. B) examining the effectiveness of internal control but not the fairness of the financial statements. C) examining the fairness of internal control and the effectiveness of the financial statements. D) examining the fairness of the financial statements but not the effectiveness of internal control. Questi on 3 0.5 / 0.5 points If the auditor initially considers the internal control environment risky, but later during the audit concludes it to be adequate as a result of substantive procedures, the auditor: Question options: A) should reflect the new assessment in its report on ICFR.
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Quiz 2 - Question 1 0.5 0.5 points If the auditor disagrees...

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