Which of the following information would be included in the introductory paragraph of the auditor's report on internal control over financial reporting

Which of the following information would be included in the introductory paragraph of the auditor's report on internal control over financial reporting if the report is presented separately from the auditor's report on the entity's financial statements?

a. the fact that the auditors conducted an audit of the entity's financial statements
b. statements identifying the responsibility of the auditors and management for internal control over financial reporting
c. a reference to the auditors` report and opinion on the entity's financial statements
d. the definition of material weakness in internal control over financial reporting


Answer: b. statements identifying the responsibility of the auditors and management for internal control over financial reporting

When completing the audit of internal controls for an issuer, the PCAOB requires auditors of public companies to audit internal controls over

a. all of the answers are correct
b. compliance with regulations
c. financial reporting
d. operations

Answer: c. financial reporting

When completing the audit of internal controls for an issuer, AS5 requires auditors of public companies to report on

a. management's report on internal control- no; an audit of internal control- no
b. management's report on internal control- yes; an audit of internal control- yes
c. management's report on internal control- no; an audit of internal control- yes
d. management's report on internal control- yes; an audit of internal control- no


Answer: c. management's report on internal control- no; an audit of internal control- yes