11) In Canada, external auditors must now report to __________.
12) Under SOX, the external auditors must now report to __________.
13) Under Sarbanes-Oxley, those officers signing off on the reports must have evaluated the company's internal control within the previous __________.
14) The outcome of an audit is an audit opinion. There are four types of audit opinions. List the four types of options, and determine the preferred audit option.
15) During an audit, who is responsible for confirming and validating the accounting record?
16) Based on the situation, determine the type of opinion.
Activity
Type of Opinion
The financial statements are not fairly presented.
The auditors were unable to obtain the evidence needed to support a different type of opinion.
The auditors were unable to determine the outcome of an uncertainty, which could have an effect on the financial statements.
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